Sungard explains unit CEO resignation: UPDATE
Does Verizon want part of Sungard?
NEW: Eric Berg quit as chief executive of Sungard's Availability Services unit, the Wayne-based info tech company's biggest unit, "for personal reasons," spokeswoman Valeria Maltoni tells me. Berg, a father of five whose family lives on the mid-Main Line, wasn't available for comment.
Sungard CEO Cristobal Conde will run Availability"while a search is conducted," Montoni added. "We are not changing" our business model. "We are coming out of the crisis in a strong competitive position. There is no announcement about a sale." And that's the official story.
EARLIER: So much going on at SAP last week, I missed the big news at Wayne-based SunGard: Eric Berg, ceo of the company's Availability Services unit, resigned three years after moving his family here from Ohio to run the data-recovery unit, the largest of Sungard's four businesses. No explanation. Meanwhile we hear speculation of a possible Sungard sale or breakup (does Verizon want Availability to help access business clients?) five years after it went private in an $11 billion-plus private equity deal.