SunGard: A Giant Breaks in Two
FRONT PAGE: NEWS ANALYSIS
NEW YORK—SunGard burst forth last week with news that it will be spinning off its disaster recovery/business continuity planning (DR/BCP) division—approximately one half of its business—and is looking for a new name for itself.
The board of directors at Wayne, Pa.-based SunGard unanimously approved a plan to spin off SunGard Availability Services, the DR/BCP unit to stockholders through a tax-free distribution of shares, officials say. The spin-off is expected to be complete by the end of the
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