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FOR IMMEDIATE RELEASE

 

Media contact:

Valeria Maltoni                                                                        

Director, Marketing Communications
SunGard Availability Services                  

484-582-2441                                                        

valeria.maltoni@sungard.com

 

Eric Berg Appointed Group Chief Executive Officer of SunGard Availability Services

Wayne, Pa., October 22, 2007SunGard (http://www.sungard.com) today announced that Eric Berg has been appointed group chief executive officer of SunGard Availability Services. 

 

Mr. Berg joins SunGard from NCR Corporation where he was chief administrative officer, responsible for the company’s strategic planning, mergers and acquisitions, information technology, procurement and real estate functions.   Previously, Mr. Berg was chief information officer at Goodyear Tire & Rubber Company and a regional vice president of PepsiCo’s Frito-Lay division.  Mr. Berg started his career at IBM Corporation and then held management positions with McKinsey & Company.  Mr. Berg holds a Bachelor of Science in industrial engineering from the University of Illinois and a Master of Business Administration from Harvard University.

 

Cristóbal Conde, president and chief executive officer of SunGard, said, “Eric’s strategic insight and operational skills will help position SunGard Availability Services for the next phase of growth.  The traditional approach to business continuity is shifting to a focus on business operational risk.  In addition, advancements in virtualization technology provide a foundation to drive new IT services, meeting the demand for reduced recovery time objectives, less complexity and greater utility.  These transformations in the information availability industry present new opportunities to strengthen and expand our industry position.”

 

Mr. Berg takes over as group chief executive officer from Ted Gaasche, a two-decade SunGard veteran.  Mr. Gaasche previously served as chief operating officer and chief financial officer of SunGard Availability Services and will assist Mr. Berg in his transition.

 

Mr. Conde said, “We are proud of Ted’s accomplishments throughout a long and successful career with SunGard.  Ted was instrumental in SunGard Availability Services’ doubling its business in North America through its acquisition of Comdisco’s business continuity division, and also the addition of a European division.”

 

About SunGard Availability Services

SunGard Availability Services is the pioneer and leading provider of information availability solutions, helping to ensure that more than 10,000 customers in North America and Europe have access to their business-critical information systems. With nearly four million square feet of secure facilities, 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 www.availability.sungard.com or call 1-800-523-4970.

 

About SunGard

With annual revenue exceeding $4 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 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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SunGard's "Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

 

Statements in this release other than historical facts constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. The factors that may affect our business or future financial results are discussed in our filings with the Securities and Exchange Commission, copies of which may be obtained from us without charge. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.