October 20, 2010 – Financial software firm FIS has signed a deal to buy technology consultancy Capco for at least $292 million, the companies said Tuesday.
Under the terms of the agreement, set to close by the end of the year, FIS will buy out Capco’s majority shareholder, Symphony Technology Group. The Palo Alto-based private equity fund still owns a majority stake in Netik, a New York and London-based data warehouse vendor which used funding from STG in February to acquire Capco’s reference data services unit.
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