[12] In April 2019, Sungard AS announced it would file for Chapter 11 bankruptcy protection "as part of a consensual agreement with a majority of its creditors to reduce its nearly $1.3 billion debt by more than two-thirds.

On April 11, 2022, Sungard AS again filed for voluntary Chapter 11 reorganization, citing as reasons rising energy costs and the COVID-19 pandemic having caused organizations to shift to remote work.

[15][16] On November 3, 2022 SungardAS concluded an agreement to sell the majority of its global assets to two competitors, 11:11 Systems and 365 Data Centers.

Following a transition period, the company will wind-down North American operations later in 2023 and continue to see the sale or disposal of its foreign subsidiaries.

Infrastructure services include traditional colocation which was enhanced with Megaport cloud connectivity in August[17] and September 2020.