Dog days August equal fintech deals
12 August 2015
In last several hours, we have seen major deals in the financial services. SunGard after a decade of private equity ownership has been acquired by Fidelity National Information Services Inc. (FIS) in a $9.1 billion deal, pre-empting a previously discussed IPO. The SunGard deal will expand FIS further into banking and capital markets creating a combined company with $9.2 billion in revenue. Additionally, Markit acquired CoreOne, a provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions for a reported $200 million. If that is not enough, CSC is buying Fixnetix, provider of front-office managed trading software for capital markets. Financial terms were not disclosed for the Fixnetix deal.