Sungard AS sells Assurance software business to Atlanta PE firm
Tom Paine
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Sungard Availability Services (Sungard AS), Wayne, has sold its Assurance Business Continuity Management Planning (BCMP) software business to an Atlanta private equity investor, Resurgens Technology Partners.
Sungard originally acquired the businesss, then known as Strohl Systems , in 2008. During its ownership Sungard helped Strohl convert from an on-premise product to being a completely SaaS-based solution. Assurance helps customers plan for recovering from major business disruptions. Sungard apparently wants to focus on offering availability services rather than software.
Assurance Software will remain in Wayne, while emphasizing strengthening partnerships with companies including Sungard AS and Dell Boomi.
Sungard Availability was spun off from SunGard Data Systems in 2004. At that time it had about $1.4 billion in revenue and was transitioning to supporting cloud environments. However, since the spinoff Sungard AS has not made much financial information available publicly.
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