Fidelity National Goes GIFTS Shopping

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JACKSONVILLE, Fla. – Fidelity National Information Services announced a deal this morning to acquire GIFTS Software, a provider of integrated funds transfer, Web-based cash management systems and anti-money laundering solutions. 
The deal will allow Fidelity National to offer a robust and fully integrated, licensed or ASP real-time wire transfer solution, eliminating the need for its clients to turn to other providers for these capabilities. The licensed solution has already been deployed in conjunction with a number of FIS’ core solutions. The ASP solution is already integrated with FIS’ IBS core banking platform and FIS intends to integrate it into the company’s other core solutions.
GIFTS solutions are deployed in more than 70 banks including some of the world's largest financial institutions. The 25-year-old GIFTS is based in New York City.

The financial terms of the deal were not disclosed. 

JACKSONVILLE, Fla. – Fidelity National Information Services announced a deal this morning to acquire GIFTS Software, a provider of integrated funds transfer, Web-based cash management systems and anti-money laundering solutions. 

The deal will allow Fidelity National to offer a robust and fully integrated, licensed or ASP real-time wire transfer solution, eliminating the need for its clients to turn to other providers for these capabilities. The licensed solution has already been deployed in conjunction with a number of FIS’ core solutions. The ASP solution is already integrated with FIS’ IBS core banking platform and FIS intends to integrate it into the company’s other core solutions.

GIFTS solutions are deployed in more than 70 banks including some of the world's largest financial institutions. The 25-year-old GIFTS is based in New York City.

The financial terms of the deal were not disclosed.

 

 

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