FIS Acquires mFoundry for $120,000,000

  • Feed Type
  • 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
  • Proceeds Purposes
  • M&A Terms
    FIS acquired the remaining 70% interest in mFoundry for approximately $120 million in cash.

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