Viatel to buy Sungard AS in latest acquisition

Sunguard Availability Systems, the digital transformation system provider, has been bought by Viatel Technology Group.

Details of the price paid for the business have not been disclosed.

“Sungard AS delivers innovative and critical services from bases in Ireland, the US and India,” said Paul Rellis, the Viatel Technology Group chief executive.

“We are excited to bring this global customer base, reach, influence and expertise under the Viatel Technology Group umbrella, and we welcome the team to Viatel.”

The purchase is Viatel’s eighth acquisition since 2020.

It is expected that the company’s annual revenues will now exceed €90m and bring its employee headcount to over 310.

Viatel recently announced the creation of 50 new jobs as the group expands its cybersecurity portfolio.

“I am delighted that our customers serviced out of Ireland will continue to receive the great service they have come to expect from our Irish team, all of whom will be joining Viatel,” said Mike Robinson, CEO of Sungard AS New Holdings.

“We wish both the Irish customers and our colleagues continued success under the leadership of Viatel.”

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