Three US FinTech Vendors Went to Market

July 8, 2008

Fidelity National Information Services (FIS), Fiserv (FISV), and Jack Henry (JKHY) all went to market in the past 10 days. All three stated the objective of their initiative was to focus on strategic businesses. But, each one had a different asset to market. One went to market to spin off one of its two primary operating units to its shareholders. A second one sold a majority interest in one of its smaller business units. The third one divested a small, peripheral outsourcing offering. What a switch from the acquisition happy days of 2003 to 2007! Has a trend started where FinTech vendors shed units that no longer fit in the strategic plan? What are the potential consequences for each vendor’s customers?

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