BROWN DEER, Wis.– Metavante Technologies said net income for its second quarter soared 41% to $1.9 million, as the company prepares to be taken over by Fidelity National Information Services.
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Second quarter revenues rose almost 4% to $440.3 million. The Metavante Financial Solutions Group, which sells automated recordkeeping and other back-office technology to banks, had an 8% increase in revenue. The Payment Solutions Group, which sells online bill payment and other services, had a 1% rise in revenue.
For the first six months of the year Metavante reported a 21% increase in revenues, to $867.1 million, and a 28% surge in net income, to $92.1 million.
Metavante has agreed to be acquired by FIS in a stock deal valued at $3 billion.
