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4073 articles tagged with this keyword

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Wall Street Systems acquires City Financials

Wall Street Systems has made its second back-to-back acquisition this year with a deal to take over City Financials, the corporate treasury specialist used by over 50 of the largest companies in the world

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EDB and ErgoGroup in merger talks

Nordic IT services groups EDB Business Partner and ErgoGroup are in talks over a possible merger.

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M-payments start-up Boku bags new investment

US mobile payments start-up Boku has raised an undisclosed investment from Andreeson Horowitz, the firm founded by Netscape co-founders Marc Andreesen and Ben Horowitz, who will become strategic advisors to the company.

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Western Union to cut 175 jobs and consolidate operations

Western Union is to cut 175 jobs and consolidate its operations in an effort to achieve $50 million in annual savings by 2012.

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Lombard gains on new liquidity regs

Shares in Lombard Risk Management have risen 20% on pipeline deals related to new UK liquidity regulations, despite the company reporting widening losses for the year ending March 2010.

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Guardian Analytics raises $9 million as cybercrime rates soar

As cases of cybercrime against US business bankers reach epidemic proportions, California-based banking security firm Guardian Analytics has raised $9 million in funding, led by Sutter Hill Ventures with participation by existing investor Foundation Capital.

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Speculation mounts over Infosys bid for Logica

UK IT services group Logica could be the subject of a £2.9 billion bid from Indian giant Infosys, according to the Daily Mail.

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Symantec spends $1.28 billion on VeriSign identity assets

Symantec has agreed a $1.28 billion cash deal to acquire VeriSign's identity and authentication business and a majority stake in the Californian security firm's Japanese business.

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FIS looks to recapitalisation deal after PE firms drop bid

The consortium of private equity firms circling financial software house FIS have dropped their proposed $15 billion bid for the firm. FIS has issued a statement saying it is instead looking into a proposed leveraged buyout as well as leveraged recapitalisation with a share repurchase.

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American Express enters RBS WorldPay fray

American Express has teamed up with UK private equity firm Permira to join the battle for the Royal Bank of Scotland's WorldPay payment processing business, according to the Financial Times.

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SAP agrees $5.8bn Sybase acquisition

SAP has agreed a $5.8 billion cash deal to buy database outfit Sybase in a move the German giant says will help it deliver its technology over mobile phones.

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Temenos buys m-banking firm FE-Mobile

Swiss vendor Temenos has inked a definitive deal to buy FE-Mobile, a UK-based m-banking specialist. Financial terms were not disclosed.

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RBS to shed 2600 jobs; 500 roles to be shipped offshore

The Royal Bank of Scotland is to cut a further 2600 jobs from its UK insurance and retail banking arms, bringing the total number of job losses at the Edinburgh-based bank to 22,600 since the onset of the financial crisis.

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Jack Henry to acquire iPay for $300 million

Jack Henry & Associates is to expand its US payments business with the acquisition of the country's largest independent electronic bill pay provider, iPay Technologies for £300 million.

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State Bank of India sets up merchant acquiring JV with Visa and Elavon

State Bank of India, the country's largest lender, is to form a merchant acquiring joint venture with US-based Elavon and Visa.

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PE firms eye buy-out of Fidelity National Information Services

Three big private equity firms are cooking up an $11 billion buy out of transaction processing outfit Fidelity National Information Services (FIS) in a sign that the market appetite for large leveraged deal-making is returning.

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Personal finance site HelloWallet raises $3.6m

US personal finance site HelloWallet has raised $3.6 million in a series a funding round led by Grotech Ventures and joined by AOL co-founder Steve Case and his wife Jean.

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SunGard first quarter skewed by broker/dealer volatility

Despite expressing cautious optimism for the future, SunGard chief Cristóbal Conde says it is still too early to call the bottom of the market as Q1 figures show the financial systems powerhouse continues to grapple with long sales cycles, high pricing pressure and a rapidly changing regulatory dynamic.

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Nyse Euronext sells stake in India's NSE

Nyse Euronext has agreed to sell its five per cent stake in India's National Stock Exchange to Singapore state investor Temasek for more than $150 million, according to press reports.

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Google Ventures invests in m-payments start-up Corduro

Google has invested an unspecified amount in mobile payments technology start-up Corduro through its in-house venture arm.