SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012. In August 2005, the company was acquired by seven private equity firms for $11.3 billion and de-listed from the NYSE. SunGard was one of the title sponsors of the pro cycling team until the end of 2011. In August 2015, FIS announced that it had signed a definitive agreement to acquire SunGard. Business SunGard provided software and processing for financial services, K-12 and Higher Education, and the public sector. It also provided continuity-assurance and production data center hosting services, now part of SunGard AS. SunGard had offices in many parts of the world outside of the United States including Paris, South Africa, Tunis, Stockholm, and the United Kingdom. Acquisitions SunGard historically grew by acquisition. Past mergers included Performance Pathways, Vericenter, InFlow, Strohl Systems, Comdisco Continuity Services, and Guardian iT PLC on the availability side, Systems & Computer Technology Corp. (SCT) on the higher education side, and Kiodex. Inc., GL Trade, Oshap (Mint, Decalog), TRAX, Carnot AG, Front Capital Systems (Front Arena), Martini, Monis, APT, Dyatron, Reech, VPM, Phase 3 Systems, Infinity, Microhedge, Reconciliation, Automated Securities Clearance India, Opus Renaissance Software Inc., and National Computer Systems Financial Systems Division on the (primarily financial) software and processing side. SunGard completed more than 150 acquisitions over 20 years. Among the largest acquisitions were: In 1997, SunGard Data Systems acquired Infinity Financial Technology, a designer of trading and risk-management software, for about US$390 million, where $313 million were paid in stock and $77 million went in cash. Infinity Financial Technology reported revenues of about $60 million in the fiscal year 1996. In 1999, SunGard acquired Israel's Oshap Technologies (Nasdaq:OSHSF) for $210M in stock, giving SunGard a foothold in both the middleware (via Oshap's subsidiary Mint Communications) and front-office portfolio management systems markets (via Oshap's subsidiary Decalog). In 2001, SunGard acquired Comdisco Inc.’s computer disaster-recovery business after a U.S. appeals court rebuffed a request by the Justice Department to halt the $825