Fidelity National Information Services (FIS) purchases the remaining 78% stake it did not have in mFoundry for about $120M in cash. Backed by big banking and payments players, mFoundry provides mobile payments and banking services to BofA, PNC, and Zions Bancorp, among others. (PR)
Fidelity National Information Services (FIS) agrees to sell its Healthcare Benefit Solutions business to Lightyear Capital for $335M. FIS expects the deal to cut its adjusted Q2 EPS from continuing operations by $0.02 and FY EPS by up to $0.07. (PR)
Fidelity National (FIS) is no longer in talks to buy Misys Plc (MUSJF.PK), a provider of software for the financial industry. Misys had been hoping the resolution of the U.S. debt crisis would allow FIS to obtain financing for a higher offer, and withdrew from talks when the offer didn't materialize. Misys -16.2% in London.
Fidelity National ($FIS) has carved out a niche in serving large banks domestically and internationally, says analyst http://bit.ly/18rsZST
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FIS vs. ETF Alternatives
Fidelity National Information Services Inc provides banking and payments technologies solutions. Its segments includes Financial Solutions Group, Payment Solutions Group, International Solutions Group, Corporate and Other.