In a surprising move (to me) Sungard is going private with the purchase of the company by a group of investors. Why is this important to HR? There are a couple of aspects. First, they do provide some 401(k) technology services to 401(k) administrators we know. More importantly however, Sungard provides data back-up and disaster recovery services for many of the organizations we belong to. Possibly one of the best known back-up service providers, your HR data may be backed-up using SunGard and you don't even know it (IT would know).
As Sungard goes private, some of the disclosures regarding internal processes might dissapear. This should not be of major concern, but you should know where your data is going and what happens to it.