FIS to buy SunGard in $9.1 bln deal

By Luisa Beltran — 6 months ago

Fidelity National Information Services Inc (FIS) said Wednesday that it has agreed to buy SunGard in a deal valued at $9.1 billion, including the assumption of debt. Wayne, Pennsylvania-based SunGard is a financial software company with $2.8 billion in annual revenue. Seven private equity firms – Silver Lake, TPG, Bain Capital, KKR, Blackstone Group, Providence Equity Partners and Goldman Sachs’ private equity unit – acquired SunGard in 2005 in a $11.3 billion deal. BofA Merrill Lynch and Centerview Partners LLC acted as financial advisors to FIS. Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays, Deutsche Bank Securities Inc. and Credit Suisse acted as financial advisors to SunGard.


Intel, MasterCard Back mFoundry with $18M

4 years ago

MasterCard Inc. led an $18 million round for mobile banking company mFoundry, the company announced Monday. Intel Capital, FIS and Motorola Mobility also participated in the round. MasterCard and Intel are new investors in mFoundry. The financing will go toward the development of new payments-related mobile products and services. mFoundry is based in San Francisco.