- Acquisition supports FIS’ strategy to invest in new innovation.
- Combination creates one of the leading mobile entities in the financial services space.
FIS™ (NYSE:FIS), the world’s largest provider of banking and payments technology, today announced it has completed the acquisition of mFoundry, a foremost provider of mobile banking and payment solutions for financial institutions and retailers. The resulting combination creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base.
“Delivering industry-best mobile solutions that underpin our clients’ ability to reach and serve their customers is a key focus area for FIS,” said Gary Norcross, FIS president and chief operating officer. “The mFoundry acquisition supports our mobile strategy to make this new era of mobile-driven commerce possible by providing the strategies and integrated solutions that financial institutions need to create the personalized mobile experiences their customers desire.”