SunGard to acquire SCT; few changes expected.Just a year ago, SCT Sacrococcygeal teratoma (SCT) A tumor occurring at the base of the fetus's tailbone. Mentioned in: Prenatal Surgery (www.sct.com) made news when it acquired Campus Pipeline. Now, if all goes according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. plan, SCT, one of the largest enterprise operations in the higher education industry, will become part of SunGard Data Systems (www.sungard.com). The deal, announced in mid-December, has an aggregate value of $584 million, and should be completed by the first quarter of this year. SCT will be an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of SunGard and will continue to be led by President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mike Chamberlain. The unit will continue to focus exclusively on systems and services for higher education, a company spokesman said. SunGard entered the higher ed arena with the 1995 purchase of Bi-Tech Software, which provides financial, payroll, and HR systems to colleges and universities. |
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