FIS Completes Acquisition of mFoundry

Strategic acquisition

FIS, has announced it has completed the acquisition of mFoundry, a foremost provider of mobile banking and payment solutions for financial institutions and retailers. The resulting combination enables FIS to leverage its technology assets across a broader client base. 

“Delivering industry-best mobile solutions that underpin our clients’ ability to reach and serve their customers is a key focus area for FIS,” said Gary Norcross, FIS president and chief operating officer. “The mFoundry acquisition supports our mobile strategy to make this new era of mobile-driven commerce possible by providing the strategies and integrated solutions that financial institutions need to create the personalised mobile experiences their customers’ desire.”

Related reading

Leave a comment