Investment Summary

Synovus Financial Exits Total System Services

On January 3, 2008, invested in software company Total System Services, Inc. from Synovus Financial Corp.

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.

Investment Summary

Date 2008-01-03
Target Total System Services, Inc.
Sector Software
Sellers(s) Synovus Financial Corp.
Deal Type Spin Off

Target

Total System Services, Inc.

Columbus, Georgia, United States
website
Total System Services, Inc. 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. Total Systems was formed in 1982 and is based in Columbus, Georgia.

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Seller(S) 1

SELLER

Synovus Financial Corp.

Columbus, Georgia, United States

website


Category Company
Founded 1888
SectorFinancial Services
Employees5,134
Revenue 2.0B USD (2020)
DESCRIPTION

Synovus is a financial services company with approximately $27 billion in assets based in Columbus, Georgia. 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 (Software) 2 of 2
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, Inc.

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 -