Kate Informed
Kate Objective

The opinions and views reflected in the articles posted do not necessarily reflect the views of Hager Strategic. Links to these news features are not part of www.hagerstrategic.com . The owners of these external sites own the intellectual property rights to the material on the linked sites. While Hager Strategic cannot certify the accuracy of the material published on the linked site, we make every effort to post links only to websites and news sources we find reliable and trustworthy.

NEWS - Fidelity National Information Services to Buy Software Maker SunGard

August 12, 2015 – Fidelity National Information Services, a large service provider for banks, said on Wednesday that it had agreed to buy SunGard in a cash-and-stock deal that values the financial software company at about $9.1 billion, including debt.

The SunGard acquisition is expected to complement Fidelity National Information Services’ business of providing banking and payment technology services to the financial services industry. SunGard, also a financial services information technology and software provider, is based in Wayne, Pa. It posted annual revenue of $2.8 billion in 2014 and has more than 13,000 employees. The combined company would have more than $9.2 billion in annual revenue and more than 55,000 employees, Fidelity National Information Services said.

Click on the external link below to review the entire article:

http://www.nytimes.com/2015/08/13/business/dealbook/fis-to-buy-sungard-in-9-billion-deal.html?_r=1