SunGard Data Systems is preparing for an initial public offering, nearly a decade after a group of private equity firms acquired it in an $11 billion deal that helped usher in a wave of megabuyouts before the financial crisis.

The developer of software for banks, schools and governments has tapped JP Morgan Chase and Goldman Sachs to lead an IPO later this year, people familiar with the matter said. It aims to raise around $750 million in the IPO, some of the people said.