MILWAUKEE – Metavante Technologies, the back-office service provider for credit unions and banks preparing to be acquired by Fidelity National Services, reported yesterday that first quarter earnings rose 15% to $40.3 million, while revenues advanced by 1% to $426.9 million.
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Metavante, which was spun off just two years ago from Marshall & Ilsley Bancorp, has agreed to be acquired by Fidelity National in a stock swap value at $3 billion.
The deal calls for Frank Martire, a former Fiserv exec and now CEO of Metavante, to become the head of the merged companies, which will be based in Fidelity National’s home of Jacksonville, Fla.
