SunGard on Wednesday announced its entry in the cloud storage space with the introduction of Enterprise Cloud Services, built on Vblock technology from VMware, Cisco and EMC. The service provides compute, network, storage and security services. Sungard has a wide range of managed hosting storage and data recovery services that include multi-tenancy and provide private cloud solutions. The company backs its services with service level agreements. Sungard is also offering readiness and migration assessments for customers evaluating their migration of processes to the cloud.