SunGard Acquires Irish Provider Hosting 365

Data Center Knowledge (Mar 12 2010) Cloud Computing

1. 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.” (Read Full Article)

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