Business

Daisy Group to tackle a few of Sungard’s UK clients • The Register


UK clients of datacenter and colo service supplier Sungard Availability Services are to be transferred to Daisy Corporate Services, a part of the Daisy Group, months after Sungard went into administration.

According to some experiences, Daisy Group has signed a deal to accumulate the UK arm of Sungard, in a transfer that will see the corporate choose up Sungard’s former clients, together with main banks and different monetary establishments.

However, an announcement given to The Register by the directors, Teneo Financial Advisory, merely states that some Sungard clients can be transferred to Daisy Corporate Services, and it’s not clear what number of are included this association.

“The Joint Administrators confirm that they have signed an exclusivity agreement with Daisy Corporate Services Trading Limited (‘Daisy’) to facilitate the transfer of customers from 10 Sungard Workplace facilities. All affected customers have been contacted and recommended to engage with Daisy to ensure continuity of service,” Teneo stated.

Sungard Workplace is a service that gives workplace area and IT infrastructure as a part of a buyer’s enterprise continuity technique. Daisy presents related capabilities beneath its Work Area Recovery providers.

Teneo stated that Sungard expects to proceed to function its Workplace amenities for a brief interval to facilitate the migration of consumers, whereas clients at different Sungard datacenters usually are not affected by this settlement.

According to Sky News, Teneo has suggested Sungard purchasers to agree new contractual phrases with Daisy inside a month, after which the providers supplied by Sungard will stop.

We contacted Daisy Group for extra particulars relating to the switch of consumers from Sungard and can replace the story with its response.

Sungard’s UK division was pressured into administration in March, following a steep rise in power payments and a failed try to barter rental concessions from a few of its landlords with the intention to mitigate money circulate pressures whereas it tried to cope with liquidity points the corporate was dealing with.

The firm operated 16 knowledge centres and office restoration areas within the UK and it had merely not handed on the hovering price of utility payments to clients.

In April, Sungard’s mother or father firm filed for chapter each within the US and for its Canadian subsidiary, citing tough financial situations because of the COVID-19 pandemic and different points, however with the intention to proceed operations because it seeks to carry ahead a restructuring course of it had already began.

Part of Sungard’s issues within the US apparently stemmed from decrease demand for its enterprise continuity providers as a result of many corporations have determined to completely swap over to the work-from-home preparations they adopted through the pandemic. ®



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