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This Article is From Nov 25, 2021

Symphony Tech in Talks for Parts of FIS’s Capital Markets Assets

Symphony Technology Group is in talks to acquire parts of Fidelity National Information Services Inc.'s capital markets business 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.

Jacksonville, Florida-based FIS offers payment processing and other services to banks. The company agreed to buy payments giant Worldpay for about $43 billion in 2019

Founded in 2002, Symphony Technology invests in software, data analytics and software-enabled technology services companies, according to its website

©2021 Bloomberg L.P.

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