Sungard files for Chapter 11 in US, keep eye on restructure

Cloud and datacenter service provider Sungard Availability Services has filed for bankruptcy both in the US and for its Canadian subsidiary, just weeks after its UK division was forced into administration. The firm cited difficult economic conditions due to the COVID-19 pandemic and other trends, but intends to continue …

[itsborken]

Forecast cloudy

Sungard is less and less relevant with every business project offloaded to the cloud.

[Simon 49]

Re: Forecast cloudy

It's not like it was a great proposition even without the cloud, the colo space is competitive enough their premium wasn't worth it.

[Captain Scarlet]

Re: Forecast cloudy

Yes less relevant for their other products, such as DR office suites (Only found out after pointing tot he articles before we had stopped using them for DR facilities). I also think for most of our non production users, the DR site has now become the office.