March 13, 2010 – (HOSTSEARCH.COM) –
SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company which trades as 'Hosting 365'. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s results.
Privately-owned
Hosting 365 has built a strong presence in Ireland delivering both data centre managed IT services and, more recently, on-demand computing services within its cloud computing environment.
The company has been providing hosted services since 2001 and operates from two secure data centres in the Dublin area to help ensure the resilience of its solutions. It has pioneered the use of Web-based tools to facilitate customer self-service across all aspects of the service procurement process. Customers can order and provision their changing computer requirements in near real-time as well as monitor their usage and manage their accounts on-line.
Ed Byrne, general manager, Hosting 365, commented, “We are pleased to become part of SunGard and to augment our product portfolio with SunGard’s capabilities. Much of our success so far can be put down to our commitment to serve our customers’ changing business and technology needs. The addition of SunGard’s world-class range of availability solutions will help ensure that we can continue to reinforce our leadership position in Ireland and can help our customers be even more resilient as their businesses change and grow.”
Keith Tilley, managing director UK and executive vice president Europe for SunGard Availability Services, said, “Hosting 365 has built a superb business since its formation. The deal has major benefits for both parties: SunGard gains access to a new geographic market and proven cloud computing expertise, while Hosting 365 extends its product range with our own managed IT services, business continuity and disaster recovery solutions.”
About Hosting365
Hosting365 is a hosted infrastructure provider. The company operates its own 25,000 square feet, state-of-the-art data centre in Park West, Dublin. Hosting365 was named as Ireland’s 25th fastest growing technology company in the Deloitte & Touche Technology Fast 50.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times.
