The threat of cyberattacks was prominent again in the news last week as the Department of Justice via the U.S. Attorney’s Office for the Southern District of New York unsealed grand jury indictments against seven hackers based in Iran charged with running coordinated cyber-attacks on U.S. financial services firms and securities exchanges. In fact, Justice… Read More >>
FIS Gets a Catapult via SunGard Acquisition
Banking and payments technology vendor FIS has completed its $9.3 billion acquisition of SunGard, marking a new chapter for the technology and services giant with many operations offerings for securities firms. The acquisition “uniquely positions [FIS] to offer a broad range of retail, enterprise and wholesale banking and payments capabilities that will further empower the… Read More >>
FIS CEO: SunGard’s InvestOne Woes Won’t Stop Acquisition
(Editor’s note: As the world learned in mid-August, financial products and services giant SunGard sidestepped an initial public offering as banking and payments technology provider Fidelity National Information Services (FIS) announced that it is acquiring the Wayne, Pa.-based vendor for $9.1 billion in a combination of stock and cash. FTF News checked in with Gary… Read More >>
Celent: ‘FIS/SunGard Could Trigger Peers to Embrace Universal Solutions Model’
Banking and payments technology provider Fidelity National Information Services (FIS) announced this week that it has agreed to acquire financial products and services giant SunGard for $9.1 billion, according to FIS officials. The deal means that SunGard will not be facing an initial public offering (IPO) as some had speculated. The acquisition also means the… Read More >>
The Anti-Climactic Sale of SunGard
SunGard officials today quietly withdrew their bid to U.S. regulators for an initial public offering (IPO), according a report by the Reuters news agency. The IPO filing took place this past June and raised the hopes of investors and those current and former SunGard employees that would have benefited from a sexy IPO. Of course,… Read More >>
