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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 .
In 2011, Datatel acquired SunGard Higher Education for $1.75 billion. The combined companies were renamed Ellucian and were sold in 2015 for $3.5 billion to TPG Capital. [7] Kendrick also served as President of a Texas-based financial services technology company during the 1980s.
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.
Datatel, Inc. was a private company that provided fully integrated software and professional services to build enterprise education platforms for higher education until it combined with its competitor SunGard Higher Education to form Ellucian in 2012. Datatel was headquartered in Fairfax, Virginia.
SunGard was acquired by a consortium of seven private equity investment firms in a transaction valued at $11.3 billion. The partners in the acquisition were Silver Lake, which led the deal as well as Bain Capital , the Blackstone Group , Goldman Sachs Capital Partners , KKR , Providence Equity Partners , and TPG Capital .
Jonathan Grayer is the Chairman and CEO of Imagine Learning, a leading digital education technology company focused on developing digital curriculum and tools for pre-K–12 students. Grayer founded the company in January 2010 as a partnership with Kohlberg Kravis Roberts (KKR). [ 1 ]
Phillip Gene Ruffin (born March 14, 1935) is an American businessman. He owns the Treasure Island Hotel and Casino and Circus Circus Hotel & Casino in Las Vegas, in addition to a number of other enterprises including hotels, casinos, greyhound racing tracks, oil production, convenience stores, real estate, and the world's largest manufacturer of hand trucks.
EAB, formerly the Education Advisory Board, was founded in 2007 as a division of The Advisory Board Company.This was officially shortened to EAB in 2014. [1]In December 2014, it was announced that The Advisory Board Company was to acquire Royall & Company, based in Richmond, Virginia, for $850M. [2]