US financial software firm SunGard sold for US$9b
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
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 US$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, Pennsylvania. It posted annual revenue of US$2.8 billion in 2014 and has more than 13,000 employees. The combined company would have more than US$9.2 billion in annual revenue and more than 55,000 employees, Fidelity National Information Services said.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
