FIS Acquires mFoundry for $120,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62a0baf5-656c-4dbf-8d88-819758bca03a&Preview=1 -
Date
1/31/2013 -
Company Name
mFoundry -
Mailing Address
60 E. Sir Francis Drake Larkspur, CA 94939 -
Company Description
mFoundry provides the only equitable mobile banking and payments solution for financial institutions and wireless carriers. mFoundry’s Spotlight Financial Platform is a cross-carrier, cross-platform solution with the broadest device support of any competitor. -
Website
http://www.mfoundry.com -
Transaction Type
M&A -
Transaction Amount
$120,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
FIS acquired the remaining 70% interest in mFoundry for approximately $120 million in cash.
