3165 articles tagged with this keyword
News/Mergers and acquisitions
The Co-operative Group has pulled out a deal to buy 632 branches from Lloyds Banking Group, which says it will now spin off the network in an IPO.
24 April 2013
As it bids to boost its 123 million-strong user base, PayPal has acquired Iron Pearl, a start up specialising in customer acquisition and engagement. Financial terms of the deal were not disclosed.
12 April 2013
Online foreign exchange trading platform FXCM has offered to buy rival Gain Capital for $210.4 million in stock.
09 April 2013
Shares in UK capital markets tech house First Derivates slipped in early morning trading as the vendor warned that it may have to take a "significant" provision against an unpaid debt owed to its Cognotec unit.
02 April 2013
Nasdaq OMX has struck a deal to buy electronic US Treasuries trading platform eSpeed from BGC Partners for $750 million in cash.
Temenos has acquired TriNovus in a move designed to help the Swiss core banking vendor break into the US software-as-a-service (SaaS) market.
22 March 2013
European banks are considering cutting their ties with Visa Europe to set up an alternative bankcard scheme, the Wall Street Journal has reported.
20 March 2013
Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.
14 March 2013
The London Stock Exchange is expecting to realise EUR25 million in IT rationalisation and other cost savings as it agrees a revised £284 million cash offer to buy a majority stake in LCH.Clearnet.
07 March 2013
Payments processor Tsys has agreed to buy NetSpend, a provider of pre-paid debit cards to America's underbanked, for around $1.4 billion in cash.
20 February 2013
ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.
15 February 2013
The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab.
11 February 2013
Swiss IT integration house Swisscom is to acquire the Entris Banking IT outsourcing business of RBA-Holdings, which provides services to 41 regional and savings banks across the country.
08 February 2013
Fintech giant FIS has agreed to pay around $120 million in cash to buy the 78% stake in mobile money specialist mFoundry it does not already own.
31 January 2013
ACI Worldwide has agreed to buy online banking and bill payments specialist Online Resources in an all cash deal for $3.85 per share.
Ingenico is to acquire pan-European online payments firm Ogone from Summit Partners for EUR360 million, underpinning its strategy to become a one-stop-shop for multi-channel payments processing on the high street, on the mobile, and online.
29 January 2013
ConvergEx is selling Eze Castle Software and RealTick to private equity firm TPG Capital. Financial terms of the all-cash deal were not disclosed.
23 January 2013
Fintech vendor ION Group has acquired Financial Software Systems, a US provider of treasury management, capital market and wealth management technology. Financial terms of the deal were not disclosed.
18 January 2013
Fiserv has acquired rival fintech vendor Open Solutions for $55 million in a deal that also sees it assume around $960 million of debt.
15 January 2013
Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.
14 January 2013
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