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FIS Signs Agreement to Acquire Clear2Pay for $493 Million

Fidelity National Information Services

Banking and payment technologies giant, FIS, announced today it has signed an agreement to acquire payment technology company, Clear2Pay for $493 million (€375 million).

Once the acquisition is complete, FIS will augment its global payment services with Clear2Pay’s technology. The Fortune 500 financial services provider anticipates that the new technology will give its larger customers a set of modern payments solutions.
FISHomepage
Here are some quick facts on the two parties:
FIS
    • Founded 1968
    • Went public in 2001
    • Headquartered in Jacksonville, FL
    • 39,000 employees
    • Serves 14,000+ institutions in 110+ countries 
Clear2Pay
    • Founded 2001
    • Privately held company. Has raised $127 million 
    • Headquartered in Brussels, Belgium
    • 1,200 employees
    • Counts 40 of the 50 largest global financial institutions as clients
The pending acquisition, which is subject to regulatory approval and contractual closing conditions, is expected to close in the fourth quarter.
FIS last demonstrated at FinovateSpring 2013 where it debuted its mobile wallet solution.
Categories: FIS