Feeds

Sungard mulls over Sherwood bid – report

In play

  • alert
  • submit to reddit

Sungard, the US disaster recovery specialist, is mulling over a bid for Sherwood International, the UK insurance software firm, the FT reports.

Sungard could make a move as early as next week, with an 140p per share offer, worth £61.5m. Sherwood is effectively in play. Earlier this year, the company said it would was considering an MBO, worth £50.2m. A rights issue was another option, management said.

Sungard is already big in the UK disaster recovery sector through its ownership of Guardian IT, scooped up for £167m cash last year. But financial software is also a major string to its bow, contributing more than half of its $2.6bn turnover in 2002.

Neither company is talking, publicly at any rate, to the FT. ®

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.