Business & Tech

Wayne Company Acquired in $9.1 Billion Deal

In a $9.1 billion deal, Fidelity National Information Services Inc. will buy Wayne-based company SunGard Data Systems Inc.

In a $9.1 billion deal, Fidelity National Information Services Inc. will buy Wayne-based company SunGard Data Systems Inc., according to Philly.com.

Fidelity National Information Systems is a provider of banking and payments technology. Sungard’s software is used by 14,000 banks, private-equity firms, asset managers and insurance companies in automated trading and other services.

According to the report, the combined company will have $9.2 billion in annual revenue. It will have 55,000 employees and thousands of clients in more than 100 nations.

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It is unclear what the deal means for SunGard’s Wayne headquarters. The company also has offices in Voorhees as well as North Jersey, Minnesota and New Hampshire.

According to the report, the sellers of SunGard are a group of private-equity firms, including Bain Capital Partners, the Blackstone Group, KKR & Co., Silver Lake Partners, and TPG Capital, which took SunGard private for $11.3 billion in 2005.

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SunGard was spun out of the former Sunoco Inc. in 1983 and went public three years later.


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