M&A Deal Summary

New Access Acquires FIS Global - Ambit Private Banking Business

On April 10, 2017, New Access acquired software company FIS Global - Ambit Private Banking Business from FIS Global

Acquisition Highlights
  • This is New Access’ 1st transaction in the Software sector.
  • This is New Access’ 1st transaction in the United States.
  • This is New Access’ 1st transaction in Florida.

M&A Deal Summary

Date 2017-04-10
Target FIS Global - Ambit Private Banking Business
Sector Software
Buyer(s) New Access
Sellers(s) FIS Global
Deal Type Divestiture

Target

FIS Global - Ambit Private Banking Business

Jacksonville, Florida, United States
FIS Global - Ambit Private Banking Business is a provider of software solutions including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.

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Buyer(S) 1

Buyer

New Access

Geneva, Switzerland

Category Company
Founded 2000
Sector Software
DESCRIPTION

New Access is a provider of agile and scalable Front-to-Back software solutions dedicated to the private banking and wealth management industries. The company's software solutions are designed to meet the specific requirements of the private banking and wealth management industries. In a complex and changing regulatory environment, the company helps bankers connect conveniently and efficiently with their clients anytime and anywhere they need. New Access was formed in 2000 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

FIS Global

Jacksonville, Florida, United States

Category Company
Founded 1968
Sector Financial Services
Employees50,000
Revenue 10.1B USD (2024)
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 issuers, 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 1 of 6
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
State: Florida M&A 1 of 2
Country: United States M&A 1 of 5
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $9.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Capco

London, United Kingdom

Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track transformation initiatives for the banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco was founded in 1998 and is based in London, United Kingdom.

Sell -