ION Capital U.K. Ltd., which is indirectly and wholly owned by ION Investment Group Ltd., has won a key round in the battle to buy Fidessa as its $2.3 billion (£1.5 billion) bid has gotten the approval of the Fidessa board, besting a bid from Temenos. “The boards of ION and Fidessa are pleased to… Read More >>
Temenos Offers to Buy Fidessa for $1.96 Billion
Temenos and Fidessa announced February 21 that their governing boards reached agreement on an all-cash $1.96 billion (£1.4 billion) acquisition whereby Temenos will own Fidessa via the subsidiary Temenos Bidco in an effort to capitalize on “a huge opportunity to combine the complementary product strengths” of the two vendors. The agreement specifies that Fidessa shareholders… Read More >>
