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4073 articles tagged with this keyword

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Barclays buys stake in Indian BPO provider Intelenet

Barclays has acquired a 12.75% stake in Intelenet Global Services, an Indian BPO outfit controlled by Blackstone Group. Details of the deal were not disclosed.

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SunGard buys Sweden's Mindwell

SunGard has acquired Swedish financial technology consultancy services firm Mindwell. Financial terms of the deal were not disclosed.

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ClairMail secures $13.8m funding

US mobile banking and payments outfit ClairMail has secured $13.8 million in a late stage funding round led by Investor Growth Capital (IGC) and including existing investors Jafco Ventures, Norwest Venture Partners and Outlook Ventures.

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VeriFone makes hostile bid for Hypercom

VeriFone has launched a £337 million hostile bid for rival card terminal outfit Hypercom after seeing an initial friendly approach rebuffed.

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Misys Q1 revenue flat

In its first quarter as a pure-play financial services business following the disposal of Allscriptes, Misys has reported flat revenues as growth in treasury and capital markets was offset by a slight decline in banking.

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Temenos agrees Odyssey acquisition

Temenos has inked an $81 million deal to buy Luxembourg-based Odyssey Financial Technologies, which provides application software to the private banking and wealth management (PWM) market.

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Wolters Kluwer to acquire FRSGlobal

Wolters Kluwer is to acquire Brussels-based regulatory reporting group FRSGlobal from PE investors Carlyle and Kennet Partners.

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Quote MTF offers to give away equity to attract business

Quote MTF is offering to give away up to 40% of its shareholding to trading firms as it bids to secure participation in a fiercely competitive, consolidating market.

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IBM to acquire OpenPages

IBM is to acquire OpenPages, a privately-held provider of risk and compliance software which lists some of the world's top financial institutions on its client roster. Terms of the transaction were not disclosed.

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Brickles exits for good as Plus takes axe to staff numbers and tech

Plus Markets has narrowed its first half losses as a new management team embarks on an aggressive cost cutting programme that has seen headcount and technology expenditure slashed and the departure of vice chairman Simon Brickles.

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UBS takes stake in HFT tech outfit Mantara

Mantara, a high-frequency trading technology provider, says it has received an unspecified strategic equity investment from UBS.

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PBS, BBS and Teller merge to create Nordic payments giant

Danish e-payments outfit PBS and Norwegian counterpart Nordito - owner of BBS and Teller - have completed the merging of their operations, creating a new group called Nets.

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De La Rue calls in SFO over banknote production irregularities

Banknote manufacturer De La Rue has called in the Serious Fraud Office after establishing that staff "deliberately falsified" paper specification test certificates in a scandal the firm estimates will cost it at least £35 million.

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Nyse Euronext partners APX on environmental trading JV

Nyse Euronext has partnered APX, an infrastructure provider for environmental commodities and energy, on a joint venture developing green and sustainable energy markets.

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Equens buys Commerzbank card unit montrada

Commerzbank has agreed to sell montrada, its German card acquiring and network service provider, to Equens. Financial terms of the deal were not disclosed.

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TCS grows UK life and pensions BPO business with Usil acquisition

Diligenta, a unit of Indian outsourcer Tata Consultancy Services, has acquired the business of Unisys Insurance Service Limited (Usil), bagging £250 million in mandates from The Phoenix group and Old Mutual International in the process.

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Heartland pays $5 million settlement to Discover over data breach

Heartland Payment Systems has agreed to pay up to $5 million to Discover Financial Services in relation to the data breach that hit the processor in 2008, marking its final settlement with all leading card brands over the intrusion.

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Nyse Euronext acquires quarterly magazine, Corporate Boardroom Member

Nyse Euronext has moved into publishing with the acquisition of quarterly magazine Corporate Board Member.

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Atos Origin eyes Indian payments market with Venture Infotek acquisition

Atos Origin has acquired Indian payments processor Venture Infotek, as it bids to expand its interests in one of the world's fastest-growing payments markets.

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Monitise FY losses widen despite revenue surge

Mobile money outfit Monitise is reporting widening full year operating losses, to £17.1 million, despite a 125% surge in revenues.