When the FIS acquisition of mFoundry was announced last week — along with ACI Worldwide’s acquisition of Online Resources — analysts nodded, not surprised. FIS already held a stake in mFoundry and re-sold its solution. The deal made sense for both sides. So we should expect more of this, right?Read More
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Mobile banking platform provider mFoundry will be purchased by FIS for about $120 million, FIS announced today. FIS — officially Fidelity National Information Services — has a market capitalization of $10.81 billion and is one of the major financial services technology companies in the world. The news comes on the heelRead More