Banking

Symphony Tech in talks for parts of FIS’s capital markets company

Symphony Technology Group remains in speak to get parts of Fidelity National Information Services’ capital markets company in an offer that might be valued at about $2 billion, according to individuals acquainted with the matter.

The technology-focused personal equity company might reveal a purchase of the possessions as quickly as next week, among individuals stated, asking not to be recognized talking about secret information. They consist of FIS’s treasury management, alternative-trading and algorithm-based trading platforms, a different individual stated. 

No decisions have actually been taken and FIS might still choose versus a sale, individuals stated. Representatives for FIS and Symphony didn’t instantly react to ask for remark.

Jacksonville, Florida-based FIS uses payment processing and other services to banks. The business accepted purchase the payments giant Worldpay for about $43 billion in 2019. 

Founded in 2002, Symphony Technology buys software application, information analytics and software-enabled innovation services business, according to its site.



Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button

Adblock Detected

Please turn off the Adblocker