Fidelity National Information Services to acquire large firm

Started by thelakelander, April 01, 2009, 01:02:02 PM

Print
Go Down Pages1
User actions

thelakelander

April 01, 2009, 01:02:02 PM
This should move FNIS up the Fortune 500 list.

QuoteFidelity National Information Services to acquire large financial services processing firm

Fidelity National Information Services of Jacksonville today announced it will acquire Metavante Technologies Inc. of Milwaukee, Wis., boosting the company’s worldwide reach as a provider of technology and services to financial institutions.

QuoteIn 2008, the companies generated pro forma combined revenue of $5.2 billion  and free cash flow of more than $500 million. As a result of the combination, FIS anticipates it will achieve cost synergies of approximately $260 million, according to a news release

full article: http://www.jacksonville.com/business/2009-04-01/story/fidelitys_nis_to_acquire_large_financial_services_processing_company

"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali
Print
Go Up Pages1
User actions