SunGard has acquired the parent company of Dublin-based Hosting 365, providing the company with a strong presence in Ireland. The acquisition of 365 Hosting Limited is not expected to have a material impact on SunGard's results. Both companies are privately held, and terms of the deal were not disclosed.
"The deal has major benefits for both parties," said Keith Tilley, managing director UK and executive vice president Europe for SunGard Availability Services. "SunGard gains access to a new geographic market and proven cloud computing expertise, while Hosting 365 extends its product range with our own managed IT services, business continuity and disaster recovery solutions."
SunGard has been in expansion mode in recent months. The company is building a 69,000 square foot data center in Sacramento, and last month announced a major expansion of its facilities in the Atlanta market.
Hosting 365 has been providing hosted services since 2001 and operates two data centers in the Dublin area. It has been an innovator in automating customer services and has a cloud computing offering.
"Much of our success so far can be put down to our commitment to serve our customers' changing business and technology needs," said Ed Byrne, general manager, Hosting 365. "The addition of SunGard's world-class range of availability solutions will help ensure that we can continue to reinforce our leadership position in Ireland and can help our customers be even more resilient as their businesses change and grow."
SunGard Availability Services provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software to more than 10,000 customers in North America and Europe. The company operates more than 5 million square feet of data center and operations space.