M&A Deal Summary

FIS Global Acquires Pronet Solutions

On October 2, 2012, FIS Global acquired information technology company Pronet Solutions for 24M USD

Acquisition Highlights
  • This is FIS Global’s 5th transaction in the Information Technology sector.
  • This is FIS Global’s 7th largest (disclosed) transaction.
  • This is FIS Global’s 12th transaction in the United States.
  • This is FIS Global’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2012-10-02
Target Pronet Solutions
Sector Information Technology
Buyer(s) FIS Global
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Pronet Solutions

Phoenix, Arizona, United States
Pronet Solutions, Inc., provides IT services.

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Buyer(S) 1

Buyer

FIS Global

Jacksonville, Florida, United States
Category Company
Founded 1968
Sector Financial Services
Employees60,000
Revenue 9.8B USD (2023)
DESCRIPTION
FIS' corporate headquarters in Jacksonville, Florida.
FIS' corporate headquarters in Jacksonville, Florida.

FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 13 of 20
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 13 of 17
State (Arizona) 2 of 2
Country (United States) 12 of 18
Year (2012) 4 of 4
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Memento

Burlington, Massachusetts, United States

Memento, Inc., a provider in enterprise fraud management, delivers next-generation fraud solutions through its award-winning enterprise platform that helps protect financial institutions from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 mFoundry

Larkspur, California, United States

mFoundry, Inc., is a provider of mobile financial services. The mFoundry platform is an open and flexible solution that enables all players in the mobile financial services ecosystem to mobilize and distribute their services.

Buy $120M
Mergr

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