1337272--3/24/2010--SUNGARD_DATA_SYSTEMS

related topics

{product, market, service}

{debt, indebtedness, cash}

{acquisition, growth, future}

{regulation, government, change}

{system, service, information}

{personnel, key, retain}

{competitive, industry, competition}

{condition, economic, financial}

{property, intellectual, protect}

{control, financial, internal}

{operation, natural, condition}

{operation, international, foreign}

{regulation, change, law}

{interest, director, officer}

{customer, product, revenue}

Risks Related to Our Indebtedness Our substantial leverage could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, expose us to interest rate risk to the extent of our variable rate debt and prevent us from meeting our debt obligations. Our debt agreements contain restrictions that limit our flexibility in operating our business. Risks Related to Our Business Our business depends largely on the economy and financial markets, and a slowdown or downturn in the economy or financial markets could adversely affect our business and results of operations. Our business depends to a significant degree on the financial services industry, and a weakening of, or further consolidation in, the financial services industry could adversely affect our business and results of operations. Our acquisition program is an important element of our strategy but, because of the uncertainties involved, this program may not be successful and we may not be able to successfully integrate and manage acquired businesses. If we are unable to identify suitable acquisition candidates and successfully complete acquisitions, our growth may be adversely affected. Catastrophic events may disrupt or otherwise adversely affect the markets in which we operate, our business and our profitability. Our application service provider systems may be subject to disruptions that could adversely affect our reputation and our business. Because the sales cycle for our software is typically lengthy and unpredictable, our results may fluctuate from period to period. Rapid changes in technology and our customers businesses could adversely affect our business and financial results. Customers taking their information availability solutions in-house may continue to create pressure on our organic revenue growth rate. The trend toward information availability solutions utilizing more single customer dedicated resources likely will lower our overall operating margin rate over time. Our brokerage operations are highly regulated and are riskier than our other businesses. We could lose revenue due to fiscal funding or termination for convenience clauses in certain customer contracts, especially in our HE and PS businesses. If we fail to comply with government regulations in connection with our business or providing technology services to certain financial institutions, our business and results of operations may be adversely affected. If we are unable to retain or attract customers, our business and financial results will be adversely affected. If we fail to retain key employees, our business may be harmed. We are subject to the risks of doing business internationally. The private equity firms that acquired the Company ( Sponsors ) control us and may have conflicts of interest with us. If we are unable to protect our proprietary technologies and defend infringement claims, we could lose one of our competitive advantages and our business could be adversely affected. Defects, design errors or security flaws in our products could harm our reputation and expose us to potential liability. A material weakness in our internal controls could have a material adverse affect on us. Unanticipated changes in our tax provision or the adoption of new tax legislation could affect our profitability or cash flow.

Full 10-K form ▸

1337272--3/24/2010--SUNGARD_DATA_SYSTEMS_INC