Investment Summary

Exits TSYS

On January 3, 2008, invested in information technology company TSYS from Synovus

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.
Investment Fate
  • TSYS merged with another company in 2019 for 21.5B USD.

Investment Summary
Date 2008-01-03
Target TSYS
Sector Information Technology
Sellers(s) Synovus
Deal Type Spin Off

Target

TSYS

Columbus, Georgia, United States
TSYS is a provider of payment services, offering secure solutions to empower commerce across all channels. TSYS supports financial institutions, businesses, and governments in more than 80 countries. TSYS was formed in 1982 and is based in Columbus, Georgia.

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Seller(S) 1

SELLER

Synovus

Columbus, Georgia, United States
Category Company
Founded 1888
Sector Financial Services
Employees4,732
Revenue 2.2B USD (2023)
DESCRIPTION

Synovus is a financial services company with approximately $27 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus was founded in 1888 and is based in Columbus, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Spin Off) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-03 ProCard

Lakewood, Colorado, United States

ProCard is a leader in customized, Internet, Intranet and client/Server software solutions for commercial card management programs. In cooperation with commercial card bank issuers, ProCard technology has been installed and is actively used at corporations, federal, state and local government agencies and major educational institutions. ProCard’s applications serve 93 Fortune 500 companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Synovus Financial Corp - Tennessee Branches

Memphis, Tennessee, United States

Synovus Financial Corp -Tennessee Branches offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services.

Sell -
Mergr

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