Archive for » October 20th, 2010«

FIS™ (NYSE: FIS), one of the world’s largest global providers dedicated to banking and payments technologies, announced that it has signed a definitive agreement to acquire Capco, a global business and technology consultancy dedicated solely to the financial services industry.

Details of the press release are at http://www.capco.com/content/press-release-10192010

Symphony Technology Group (STG), a leading private equity firm focused on investing in software- and technology-enabled services companies, which owned Capco, in its press release stated that Capco, has signed a definitive agreement to be acquired by FIS (NYSE: FIS) for approximately $300M

FIS (Fidelity Information Services) was founded in 1968 as Systematics™ and, through its core processing system of the same name, quickly became a globally recognized provider of technology solutions for financial institutions. ALLTEL Information Services acquired Systematics.In 2003, Santa Barbara, Calif.-based title insurance giant Fidelity National Financial® bought the financial services division of ALLTEL Information Services and renamed it Fidelity Information Services.

In 2009, it had acquired Metavante.