WAYNE, Pa., May 15 /PRNewswire/ -- SunGard (http://www.sungard.com)
today announced that it has reached a definitive agreement to acquire
Strohl Systems Group, Inc., a leading provider of business continuity
planning software and services. Strohl Systems will become part of SunGard
Availability Services, the pioneer and leading provider of information
availability solutions. The transaction, the terms of which were not
disclosed, is not expected to have a material impact on SunGard's financial
results.
Strohl is best known for its full life cycle of business continuity
solutions including its continuity planning software, LDRPS; its business
impact and risk assessment tool, BIA Professional; its notification
solution, NotiFind; and its virtual emergency operations center tool,
Incident Manager powered by WebEOC. Strohl Systems is a leader in
delivering business continuity planning solutions to community banks and
credit unions via its award winning solution, PLANet. In total, Strohl has
more than 2,000 customers in 20 countries including nearly 30 percent of
the Fortune 500.
As well as this solution suite, SunGard will acquire deep intellectual
capital in business continuity including experienced developers and
customer support professionals, and a dedicated software professional
services organization and sales force that will continue to support
existing customers and prospects.
Going forward, both SunGard's Paragon and Strohl Systems' LDRPS will
continue to be supported. SunGard's ability to help customers prepare for
and respond to business disruptions will be enhanced by leveraging LDRPS
together with Paragon.
Brian Turley, chief executive officer of Strohl Systems, commented,
"For the past 20 years, Strohl Systems has been solely dedicated to the
design, development, distribution and support of business continuity
software. We see our heritage as a perfect complement to SunGard's 30 years
of helping companies prepare for and recover from disruptions. We seek to
offer our customers greater options for even more extensive business
continuity services that only SunGard Availability Services can provide."
Eric Berg, group chief executive officer of SunGard Availability
Services, said, "The acquisition of Strohl Systems enhances SunGard
Availability Services' solutions portfolio. All businesses need a
continuity plan, regardless of size or industry. Companies are facing a
more exacting regulatory environment and their customers are demanding that
their business is highly available. By combining SunGard's and Strohl's
proven business continuity expertise, customers will have access to the
tools, intellectual capital and services portfolio to tailor integrated
solutions to meet their requirements at a competitive price point. With
this transaction, SunGard Availability Services' customers gain access to
an expanded set of business continuity planning software options. Strohl
Systems' customers will now have access to SunGard's wide range of managed
IT services, shared recovery and consulting services -- for a single source
of end-to-end business continuity planning and support."
For more information about SunGard Availability Services and its total
information availability offerings, please visit
http://www.availability.sungard.com.
About Strohl Systems
Strohl Systems delivers the expertise and resources to help
organizations build plans, practice for disruptions and prevail over
disasters. The formula is simple -- Plan. Practice. Prevail. Since 1988,
Strohl's business continuity software and services have been developed
around this straightforward approach and have been used successfully in
many real-world situations. Our products include LDRPS(R) business
continuity planning software, BIA Professional(R) business impact analysis
software, Incident Manager(R), powered by WebEOC, command center automation
software, and NotiFind(R), powered by Varolii, an emergency notification
system. In addition, Strohl offers PLANet(R), an Internet-based BCP tool
developed specifically for community banks and credit unions. Strohl
Consulting Services' offerings are designed to manage the business
continuity process from start to finish or provide more strategic
assistance. In business since 1968, Strohl Systems is headquartered in King
of Prussia, Pa., and can be found on the Web at
http://www.strohlsystems.com.
About SunGard Availability Services
SunGard Availability Services is the pioneer and leading provider of
information availability solutions, helping to ensure that 10,000 customers
in North America and Europe have access to their business-critical
information systems. With four million square feet of operations space,
SunGard offers a complete range of information availability solutions that
include managed IT, professional and business continuity services. SunGard
provides services to support an always-on production environment, as well
as over 30 technology platforms to support customers who require a
traditional 24-48 hour recovery time frame. SunGard also has technology and
systems management services for application and data center outsourcing, as
well as business continuity consulting services and planning software. For
more information about SunGard Availability Services, visit
http://www.availability.sungard.com or call 1-800-523-4970.
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in
software and processing solutions for financial services, higher education
and the public sector. SunGard also helps information-dependent enterprises
of all types to ensure the continuity of their business. SunGard serves
more than 25,000 customers in more than 50 countries, including the world's
50 largest financial services companies. Visit SunGard at
http://www.sungard.com.
Trademark Information: SunGard and the SunGard logo are trademarks or
registered trademarks of SunGard Data Systems Inc. or its subsidiaries in
the U.S. and other countries. All other trade names are trademarks or
registered trademarks of their respective holders.
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