SunGard Data To Spin Off DisasterRecovery Unit

October 07, 2004, 1:00 a.m. EDT 1 Min Read

WAYNE, Pa. - (10/07/04) -- SunGard Data Systems Inc. said itplans to spin off its popular disaster recovery unit, whichprovides back-up data sources for credit unions and otherbusinesses, to shareholders. Plans call for the unit, to be calledSunGard Availability Services, to be spun off tax-free toshareholders in what is expected to be a one-for-one exchange. Theunit, the market leader in disaster recovery of data, employs about2,000 people.

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