Sungard finds Hilco as buyer for IP address blocks

Chicago, Nov. 7 – Sungard AS is seeking court approval to sell to Hilco IP Services LLC (Hilco Streambank) exclusive interest in the registration rights to IP blocks, according to a motion filed by the company with the U.S. Bankruptcy Court for the Southern District of Texas.

Hilco has offered to buy 162,560 IP addresses at $32.39 per address, for $5.25 million in total consideration.

Sungard is a Wayne, Pa.-based provider of disaster recovery services, managed IT services, information availability consulting services and business continuity management software. The company filed bankruptcy on April 11, 2022 under Chapter 11 case number 22-90018.

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