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FIS Completes Acquisition of SunGard

FIS™ a global leader in banking and payments technology as well as consulting and outsourcing solutions, has announced the closing of its acquisition of SunGard, one of the world’s leading financial software and technology services companies.

The acquisition uniquely positions FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide.

With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and $9.3 billion in revenue on a pro-forma basis.

“At FIS, we are driving innovative solutions and delivering high-quality client experiences that move our clients’ business forward each and every day,” said Gary Norcross, president and CEO, FIS. “This acquisition creates one of the broadest sets of technology assets and market expertise in the industry, and allows FIS to present new opportunities to our existing client base as well as to financial services markets that we have not historically served.”

Read the full announcement here.

Continuity Insights

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