Symphony Tech Reportedly in Talks for Parts of FIS's Capital Markets Assets
Symphony Technology Group, LLC is in talks to acquire parts of capital markets business of Fidelity National Information Services, Inc. (NYSE:FIS) in a deal that could be valued at about $2 billion, according to people familiar with the matter. The technology-focused private equity firm could announce a purchase of the assets as soon as next week, one of the people said, asking not to be identified discussing confidential information. They include FIS?s treasury management, alternative-trading and algorithm-based trading platforms, a separate person said. No final decisions have been taken and FIS could still decide against a sale, the people said. Representatives for FIS and Symphony didn?t immediately respond to requests for comment.