MTI Technology, a global provider of IT services and solutions, has confirmed that it is in discussion with SunGard and its administrators following the news that the company was placed into administration. MTI said that it is focused on ensuring the uninterrupted supply of services to all customers affected, and is in discussions with the administrators about continuity of service across a variety of scenarios. In addition, MTI has reviewed the preparedness of pre-agreed contingency plans in the case of supply chain failure. The focus of these plans is to ensure minimal impact to customers.
While SunGard provides IT solutions in the areas of business continuity, disaster recovery, cloud, consulting, data centre & colocation services it has been hit hard by the recent increases in global power supply costs. Due to their business model, SunGard was unable to absorb all of these cost increases and the business looks to have become untenable in its current form.
On the 28th of March MTI was made aware that the directors of SunGard UK had requested for the business to be placed into administration. They confirmed while business operations will continue as normal, a buyer is being sought.
Ben Cranham, MTI’s COO said “MTI has a number of customers that use SunGard for elements of their infrastructure and we are taking all the necessary steps to provide support to customers affected by this news. We have classed this as ‘Major Event’ to ensure it has the highest priority for our internal teams and that we quickly establish how to achieve the best outcomes for our customers.”
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About MTI Technology
MTI Technology is a technology services and solutions provider with 210+ staff, operating across EMEA with offices across the UK, France and Germany. Over the last 30 years, MTI has helped thousands of organisations to transform their IT operations, helping them leverage the latest technologies, reduce operating costs, and become more flexible while mitigating risk.
MTI specialise in data & cyber security, datacentre modernisation, IT managed services and IT transformation services. By employing proven methodologies, best practices and adopting a consultative approach, MTI helps its customers solve business challenges, providing secure, compliant management of their applications, data, infrastructure, and systems environments.
MTI has invested significantly in developing capabilities and services across a wide range of technologies and disciplines with an emphasis on providing a range of professional and managed services designed to help customers accelerate and de-risk their IT transformation projects.