April 8, 2005
Investment Consortium Will Buy SunGard, a Supplier of Technology Services to Colleges
SunGard Data Systems Inc., the parent company of several vendors that cater to colleges and universities, announced last week that it will be sold to a consortium of investment groups.
The $11.3-billion sale should not have any immediate impact on the company's higher-education services, according to officials familiar with the deal, which is expected to win the approval of SunGard's current stockholders later this year. The consortium of investment companies that will own SunGard said
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