Uniquely positioned to take advantage of the market potential
Sungard AS has emerged from its bankruptcy restructuring, with debtors having taken an $800 million haircut and the recovery service specialist provided with $100 million of new liquidity by its creditors and a new CEO.
The data infrastructure and disaster recovery companysannouncementthat it was filing for bankruptcy had rocked the industry channel on April 1 this year, as it collapsed under the weight of its debt and as margins fell on competition from cloud rivals, forcing it to seek relief in the courts.
Sungard Bankruptcy: Record Speed for Restructuring
The company cite…
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