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SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company .
Sungard Availability Services (Sungard AS) was a provider of IT production and recovery services. In 2021 it had annual revenues of approximately $773 million [ 2 ] and offices in 12 countries. [ 3 ] The company used its experience in recovery to design, build and run production environments that are resilient and available.
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GL Trade was established in 1987. Due to the company's founders Pierre Gatignol [2] and Louis-Christophe Laurent the acronym GL has been instantiated. In 2009 the company was acquired by US based SunGard, one of the world’s leading software and technology services companies.