content: <PAGE>
   
                        SECURITIES AND EXCHANGE COMMISSION
  
                             Washington, D. C.  20549
  
                                     FORM 8-K
  
                                  CURRENT REPORT
  
  
                      Pursuant to Section 13 or 15(d) of the
                          Securities Exchange Act of 1934
  
  
        Date of Report (Date of earliest event reported):  January 2, 1998
  
  
  
                             SUNGARD DATA SYSTEMS INC.
              (Exact name of registrant as specified in its charter)
  
  
                                     DELAWARE
                  (State or other jurisdiction of incorporation)
  
  
  
            1-12989                                            51-0267091
     (Commission File No.)                                   (IRS Employer
                                                          Identification No.)
  
  
  
                                1285 DRUMMERS LANE
                             WAYNE, PENNSYLVANIA 19087
  
               (Address of principal executive offices and zip code)
  
  
  
        Registrant's telephone number, including area code: (610) 341-8700
  
  
  
                    -------------------------------------------
  <PAGE>
   
  ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS.
  
       This Current Report on Form 8-K (the "Report") contains forward looking
  statements that involve risks and uncertainties, including risks that the
  integration of the operations, technologies, products and employees of SunGard
  Data Systems Inc., a Delaware corporation ("SunGard"), and Infinity Financial
  Technology, Inc., a Delaware corporation ("Infinity"), might not occur as
  anticipated; that the synergies expected to result from the merger described
  below might not occur as anticipated; that management's attention might be
  diverted from day-to-day business activities; and that greater than normal
  employee turnover might occur.  In addition, there are normal risks and
  uncertainties associated with SunGard's business, including risks relating to
  the timing and magnitude of software sales, timely development, acceptance and
  pricing of new products and technological advances and the impact of competitive
  conditions.  Actual results and developments may differ materially from those
  described in this Report.  For more information about SunGard and risks relating
  to investing in SunGard, refer to SunGard's most recent reports on Form 10-K and
  Form 10-Q, and to Amendment No. 1 to the Form S-4 Registration Statement
  relating to the merger described below, as filed by SunGard with the United
  States Securities and Exchange Commission (the "Commission").
  
       On January 2, 1998, Information Data Inc. ("Merger Sub"), which was a
  wholly owned subsidiary of SunGard, was merged with and into Infinity, pursuant
  to an Agreement and Plan of Merger and Reorganization (the "Agreement") dated as
  of October 17, 1997 among SunGard, Merger Sub and Infinity.  The terms of the
  Agreement were determined through arms' length negotiations between SunGard and
  Infinity.
  
       The merger of Merger Sub with and into Infinity (the "Merger") became
  effective at the time of the filing of a Certificate of Merger with the Delaware
  Secretary of State on January 2, 1998 (the "Effective Time").  At the Effective
  Time: (i) Merger Sub ceased to exist; (ii) Infinity, as the surviving
  corporation in the Merger, became a wholly owned subsidiary of SunGard; and
  (iii) subject to the provisions of the Agreement relating to the payment of cash
  in lieu of fractional shares, each share of Infinity Common Stock, par value
  $0.001 per share ("Infinity Common Stock"), outstanding immediately prior to the
  Effective Time (except for any such shares held by Infinity as treasury stock
  and any such shares held by SunGard or any subsidiary of SunGard or Infinity,
  which shares, if any, were canceled) was converted into the right to receive
  sixty-eight hundredths (0.68) of a share of Common Stock, $0.01 par value per
  share, of SunGard ("SunGard Common Stock").
  
       In addition, pursuant to the Agreement, at the Effective Time, all rights
  with respect to Infinity Common Stock under Infinity stock options then
  outstanding, were converted into and became rights with respect to SunGard
  Common Stock, and SunGard assumed each such outstanding Infinity stock option in
  accordance with the terms of the stock option plan under which it was issued and
  the stock option agreement by which it is evidenced.  By virtue of the
  assumption by SunGard of such Infinity stock options, from and after the
  Effective Time: (i) each Infinity stock option assumed by SunGard may be
  exercised solely for SunGard Common Stock; (ii) the number of shares of SunGard
  Common Stock subject to each such Infinity stock option is equal to the number
  of shares of Infinity Common Stock subject to such Infinity stock
  
                                         2.
  <PAGE>
   
  option immediately prior to the Effective Time multiplied by 0.68 (the exchange
  ratio in the Merger), rounded down to the nearest whole share (with cash, less
  the applicable exercise price, being payable for any fraction of a share); and
  (iii) the per share exercise price under each such Infinity stock option was
  adjusted by dividing the per share exercise price under such Infinity stock
  option by 0.68 and rounding up to the nearest cent.
  
       The former stockholders of Infinity are receiving approximately
  13,223,128 shares of SunGard Common Stock pursuant to the Merger. In addition,
  approximately 1,684,658 shares of SunGard Common Stock may be issued in
  connection with the exercise of the Infinity stock options assumed by SunGard.
  
       The Merger is intended to be a tax-free reorganization under the Internal
  Revenue Code of 1986, as amended, and is expected to be accounted for as a
  pooling of interests.  A copy of the press release announcing the consummation
  of the Merger is attached hereto as Exhibit 99.1.
  
       Infinity develops, markets and supports enterprise software solutions for
  financial trading and risk management. Infinity targets global organizations
  that manage complex financial assets and has about seventy installations,
  including some of the premier financial institutions worldwide. Infinity's suite
  of off-the-shelf applications, which run on Windows NT and UNIX operating
  systems, are based on the open Infinity Data Model and Fin++ Class Library.
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
        (a) Financial Statements of the Business Acquired
  
            The required financial statements with respect to the acquired
  business referred to in Item 2 of this Report are incorporated by reference
  from:
  
            (1) the consolidated financial statements and schedule of Infinity
            included in Infinity's Annual Report on Form 10-K for the fiscal year
            ended December 31, 1996, as filed with the Commission on March 31,
            1997; and
  
            (2) the financial statements of Infinity included in Infinity's
            Quarterly Report on Form 10-Q for the quarterly period ended September
            30, 1997, as filed with the Commission on November 14, 1997.
  
        (b) Pro Forma Financial Information
  
            The required pro forma financial information with respect to the
  acquired business referred to in Item 2 of this Report are incorporated by
  reference from pages 50 through 57 of the Proxy Statement/Prospectus included in
  Amendment No. 1 to SunGard's Form S-4 Registration Statement (No. 333-40053), as
  filed with the Commission on November 28, 1997.
  
                                         3.
  <PAGE>
   
        (c) Exhibits
  
  <TABLE> 
  <CAPTION> 
  
  EXHIBIT NO.     DESCRIPTION
  -----------     -----------
  <S>             <C>
   2              Agreement and Plan of Merger and Reorganization dated as of
                  October 17, 1997, among SunGard, Merger Sub and Infinity
                  (incorporated by reference to SunGard's Current Report on Form 
                  8-K filed with the Commission on October 27, 1997)
  
  23.1            Consent of Ernst & Young LLP, Independent Auditors
  
  99.1            Press Release of SunGard dated January 2, 1998
   
  99.2            Pages 21 through 35 of Infinity's Annual Report on Form 10-K for
                  the fiscal year ended December 31, 1996, as filed with the
                  Commission on March 31, 1997
   
  99.3            Pages 2 through 7 of Infinity's Quarterly Report on Form 10-Q
                  for the quarterly period ended September 30, 1997, as filed with
                  the Commission on November 14, 1997
   
  99.4            Pages 50 through 57 of the Proxy Statement/Prospectus included
                  in Amendment No. 1 to SunGard's Form S-4 Registration Statement
                  (No. 333-40053), as filed with the Commission on November 28,
                  1997 
   
  </TABLE>
  
                                         4.
  <PAGE>
   
                                    SIGNATURES
  
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as
  amended, the registrant has duly caused this Report to be signed on its behalf
  by the undersigned hereunto duly authorized.
  
                                      SUNGARD DATA SYSTEMS INC.
  
  
  
  Dated:  January 16, 1998            By: /s/ Michael J. Ruane
                                         ______________________
                                           Michael J. Ruane
                                           Vice President-Finance and
                                           Chief Financial Officer
  
                                         5.
  <PAGE>
   
                                   EXHIBIT INDEX
  
  <TABLE> 
  <CAPTION> 
  
  EXHIBIT NO.     DESCRIPTION
  -----------     -----------
  <S>             <C>
   2              Agreement and Plan of Merger and Reorganization dated as of
                  October 17, 1997, among SunGard, Merger Sub and Infinity
                  (incorporated by reference to SunGard's Current Report on Form 
                  8-K filed with the Commission on October 27, 1997)
  
  23.1            Consent of Ernst & Young LLP, Independent Auditors
  
  99.1            Press Release of SunGard dated January 2, 1998
   
  99.2            Pages 21 through 35 of Infinity's Annual Report on Form 10-K for
                  the fiscal year ended December 31, 1996, as filed with the
                  Commission on March 31, 1997
   
  99.3            Pages 2 through 7 of Infinity's Quarterly Report on Form 10-Q
                  for the quarterly period ended September 30, 1997, as filed with
                  the Commission on November 14, 1997
   
  99.4            Pages 50 through 57 of the Proxy Statement/Prospectus included
                  in Amendment No. 1 to SunGard's Form S-4 Registration Statement
                  (No. 333-40053), as filed with the Commission on November 28,
                  1997 
   
  </TABLE>
  
                                         6.
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metadata_filer: {"company-data": {"conformed-name": "SUNGARD DATA SYSTEMS INC", "cik": "0000789388", "assigned-sic": "7374", "irs-number": "510267091", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12989", "film-number": "98508525"}, "business-address": {"street1": "1285 DRUMMERS LN", "street2": "STE 300", "city": "WAYNE", "state": "PA", "zip": "19087", "phone": "6103418700"}, "mail-address": {"street1": "1285 DRUMMERS LANE", "street2": "SUITE 300", "city": "WAYNE", "state": "PA", "zip": "19087"}, "former-company": {"former-conformed-name": "SUNDATA CORP", "date-changed": "19860310"}}
text: SECURITIES AND EXCHANGE COMMISSION
  
                             Washington, D. C.  20549
  
                                     FORM 8-K
  
                                  CURRENT REPORT
  
                      Pursuant to Section 13 or 15(d) of the
                          Securities Exchange Act of 1934
  
        Date of Report (Date of earliest event reported):  January 2, 1998
  
                             SUNGARD DATA SYSTEMS INC.
              (Exact name of registrant as specified in its charter)
  
                                     DELAWARE
                  (State or other jurisdiction of incorporation)
  
            1-12989                                            51-0267091
     (Commission File No.)                                   (IRS Employer
                                                          Identification No.)
  
                                1285 DRUMMERS LANE
                             WAYNE, PENNSYLVANIA 19087
  
               (Address of principal executive offices and zip code)
  
        Registrant's telephone number, including area code: (610) 341-8700
  
                    -------------------------------------------
  ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS.
  
       This Current Report on Form 8-K (the "Report") contains forward looking
  statements that involve risks and uncertainties, including risks that the
  integration of the operations, technologies, products and employees of SunGard
  Data Systems Inc., a Delaware corporation ("SunGard"), and Infinity Financial
  Technology, Inc., a Delaware corporation ("Infinity"), might not occur as
  anticipated; that the synergies expected to result from the merger described
  below might not occur as anticipated; that management's attention might be
  diverted from day-to-day business activities; and that greater than normal
  employee turnover might occur.  In addition, there are normal risks and
  uncertainties associated with SunGard's business, including risks relating to
  the timing and magnitude of software sales, timely development, acceptance and
  pricing of new products and technological advances and the impact of competitive
  conditions.  Actual results and developments may differ materially from those
  described in this Report.  For more information about SunGard and risks relating
  to investing in SunGard, refer to SunGard's most recent reports on Form 10-K and
  Form 10-Q, and to Amendment No. 1 to the Form S-4 Registration Statement
  relating to the merger described below, as filed by SunGard with the United
  States Securities and Exchange Commission (the "Commission").
  
       On January 2, 1998, Information Data Inc. ("Merger Sub"), which was a
  wholly owned subsidiary of SunGard, was merged with and into Infinity, pursuant
  to an Agreement and Plan of Merger and Reorganization (the "Agreement") dated as
  of October 17, 1997 among SunGard, Merger Sub and Infinity.  The terms of the
  Agreement were determined through arms' length negotiations between SunGard and
  Infinity.
  
       The merger of Merger Sub with and into Infinity (the "Merger") became
  effective at the time of the filing of a Certificate of Merger with the Delaware
  Secretary of State on January 2, 1998 (the "Effective Time").  At the Effective
  Time: (i) Merger Sub ceased to exist; (ii) Infinity, as the surviving
  corporation in the Merger, became a wholly owned subsidiary of SunGard; and
  (iii) subject to the provisions of the Agreement relating to the payment of cash
  in lieu of fractional shares, each share of Infinity Common Stock, par value
  $0.001 per share ("Infinity Common Stock"), outstanding immediately prior to the
  Effective Time (except for any such shares held by Infinity as treasury stock
  and any such shares held by SunGard or any subsidiary of SunGard or Infinity,
  which shares, if any, were canceled) was converted into the right to receive
  sixty-eight hundredths (0.68) of a share of Common Stock, $0.01 par value per
  share, of SunGard ("SunGard Common Stock").
  
       In addition, pursuant to the Agreement, at the Effective Time, all rights
  with respect to Infinity Common Stock under Infinity stock options then
  outstanding, were converted into and became rights with respect to SunGard
  Common Stock, and SunGard assumed each such outstanding Infinity stock option in
  accordance with the terms of the stock option plan under which it was issued and
  the stock option agreement by which it is evidenced.  By virtue of the
  assumption by SunGard of such Infinity stock options, from and after the
  Effective Time: (i) each Infinity stock option assumed by SunGard may be
  exercised solely for SunGard Common Stock; (ii) the number of shares of SunGard
  Common Stock subject to each such Infinity stock option is equal to the number
  of shares of Infinity Common Stock subject to such Infinity stock
  
                                         2.
  option immediately prior to the Effective Time multiplied by 0.68 (the exchange
  ratio in the Merger), rounded down to the nearest whole share (with cash, less
  the applicable exercise price, being payable for any fraction of a share); and
  (iii) the per share exercise price under each such Infinity stock option was
  adjusted by dividing the per share exercise price under such Infinity stock
  option by 0.68 and rounding up to the nearest cent.
  
       The former stockholders of Infinity are receiving approximately
  13,223,128 shares of SunGard Common Stock pursuant to the Merger. In addition,
  approximately 1,684,658 shares of SunGard Common Stock may be issued in
  connection with the exercise of the Infinity stock options assumed by SunGard.
  
       The Merger is intended to be a tax-free reorganization under the Internal
  Revenue Code of 1986, as amended, and is expected to be accounted for as a
  pooling of interests.  A copy of the press release announcing the consummation
  of the Merger is attached hereto as Exhibit 99.1.
  
       Infinity develops, markets and supports enterprise software solutions for
  financial trading and risk management. Infinity targets global organizations
  that manage complex financial assets and has about seventy installations,
  including some of the premier financial institutions worldwide. Infinity's suite
  of off-the-shelf applications, which run on Windows NT and UNIX operating
  systems, are based on the open Infinity Data Model and Fin++ Class Library.
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
        (a) Financial Statements of the Business Acquired
  
            The required financial statements with respect to the acquired
  business referred to in Item 2 of this Report are incorporated by reference
  from:
  
            (1) the consolidated financial statements and schedule of Infinity
            included in Infinity's Annual Report on Form 10-K for the fiscal year
            ended December 31, 1996, as filed with the Commission on March 31,
            1997; and
  
            (2) the financial statements of Infinity included in Infinity's
            Quarterly Report on Form 10-Q for the quarterly period ended September
            30, 1997, as filed with the Commission on November 14, 1997.
  
        (b) Pro Forma Financial Information
  
            The required pro forma financial information with respect to the
  acquired business referred to in Item 2 of this Report are incorporated by
  reference from pages 50 through 57 of the Proxy Statement/Prospectus included in
  Amendment No. 1 to SunGard's Form S-4 Registration Statement (No. 333-40053), as
  filed with the Commission on November 28, 1997.
  
                                         3.
  (c) Exhibits
  EXHIBIT NO.     DESCRIPTION
  -----------     -----------
  2              Agreement and Plan of Merger and Reorganization dated as of
                  October 17, 1997, among SunGard, Merger Sub and Infinity
                  (incorporated by reference to SunGard's Current Report on Form 
                  8-K filed with the Commission on October 27, 1997)
  
  23.1            Consent of Ernst & Young LLP, Independent Auditors
  
  99.1            Press Release of SunGard dated January 2, 1998
   
  99.2            Pages 21 through 35 of Infinity's Annual Report on Form 10-K for
                  the fiscal year ended December 31, 1996, as filed with the
                  Commission on March 31, 1997
   
  99.3            Pages 2 through 7 of Infinity's Quarterly Report on Form 10-Q
                  for the quarterly period ended September 30, 1997, as filed with
                  the Commission on November 14, 1997
   
  99.4            Pages 50 through 57 of the Proxy Statement/Prospectus included
                  in Amendment No. 1 to SunGard's Form S-4 Registration Statement
                  (No. 333-40053), as filed with the Commission on November 28,
                  1997
  4.
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as
  amended, the registrant has duly caused this Report to be signed on its behalf
  by the undersigned hereunto duly authorized.
  
                                      SUNGARD DATA SYSTEMS INC.
  
  Dated:  January 16, 1998            By: /s/ Michael J. Ruane
                                         ______________________
                                           Michael J. Ruane
                                           Vice President-Finance and
                                           Chief Financial Officer
  
                                         5.
  EXHIBIT INDEX
  EXHIBIT NO.     DESCRIPTION
  -----------     -----------
  2              Agreement and Plan of Merger and Reorganization dated as of
                  October 17, 1997, among SunGard, Merger Sub and Infinity
                  (incorporated by reference to SunGard's Current Report on Form 
                  8-K filed with the Commission on October 27, 1997)
  
  23.1            Consent of Ernst & Young LLP, Independent Auditors
  
  99.1            Press Release of SunGard dated January 2, 1998
   
  99.2            Pages 21 through 35 of Infinity's Annual Report on Form 10-K for
                  the fiscal year ended December 31, 1996, as filed with the
                  Commission on March 31, 1997
   
  99.3            Pages 2 through 7 of Infinity's Quarterly Report on Form 10-Q
                  for the quarterly period ended September 30, 1997, as filed with
                  the Commission on November 14, 1997
   
  99.4            Pages 50 through 57 of the Proxy Statement/Prospectus included
                  in Amendment No. 1 to SunGard's Form S-4 Registration Statement
                  (No. 333-40053), as filed with the Commission on November 28,
                  1997
  6.