SunGard Spinning Off Availability Services

SunGard is spinning off its Availability Services business as a stand-alone public company.

SunGard is spinning off its Availability Services business as a stand-alone public company that will begin operation by the end of next quarter. Catering to the IT-dependent audience, Availability Services will take advantage of its independence to help customers proactively remake their IT infrastructures to solve changing business and data requirements within their own sectors.

SunGard Availability Services will retain the SunGard name and brand. The business provides managed hosting, disaster recovery, information security, high-availability storage, records management, contingency planning, software and consulting practices.

The move, announced last week, is in line with SunGards mission to split up its Software and Processing Solutions business and Availability Services business into separate units to remake the face of the organization from a reactive disaster recovery company to a proactive business continuity solutions provider, officials said.

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