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Polaris Software Lab Limited (POLS.BO), a leading Financial Technology Company today announced the launch of first phase of The School of Financial Technology, with the acquisition of a 50-acre facility owned by Catalytic Software Ltd., (CSL) Hyderabad; Principal shareholder of CSL being Catalytic Software, Inc. headquartered in Seattle. Polaris acquired the company and its assets at a 100% cash buyout, and the new facility will be utilized as a residential Talent Development centre and for expansion of ODCs (Offshore Development Centre).

Full details at
http://www.businesswireindia.com/PressRelease.asp?b2mid=24410

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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.

Citi CEO Vikram Pandit and his team have started blogging at http://new.citi.com

They intend to to share ideas and create dialogue on all sorts of topics ranging from the global economy to personal finance, from microfinance to mobile technology.

Vikram’s Video – The cornerstone of a new Citi: Responsible Finance

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