The 2009 FinTech 100 Ranking
Top 100 Companies in FinTechPublished October 29, 2009 | |||||||
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Review the methodology | |||||||
Revenue (CY '08) | |||||||
Rank | Ownership | Total (millions) | Financial technology | ||||
2009 | 2008 | (millions) | % of total | ||||
1 | 1 | Fiserv | Brookfield, Wis. | Public | $4,739.00 | $4,226.00 | 89.17% |
2 | 3 | SunGard | Wayne, Pa. | Private | 5600.00 | 3660.00 | 65.36 |
3 | 2 | Fidelity Information Services | Jacksonville, Fla. | Public | 3446.00 | 3122.90 | 90.62 |
4 | 4 | Diebold | North Canton, Ohio | Public | 3170.08 | 2884.70 | 91.00 |
5 | 5 | NCR | Dayton, Ohio | Public | 5315.00 | 2816.95 | 53.00 |
6 | 6 | Tata Consultancy Services (TCS) | Mumbai | Public | 6070.00 | 2580.00 | 42.50 |
7 | 7 | First Data | Greenwood Village, Colo. | Private | 8881.00 | 2220.00 | 25.00 |
8 | 9 | Total System Services (TSYS) | Columbus, Ga. | Public | 1938.61 | 1938.61 | 100.00 |
9 | — | Lender Processing Services | Jacksonville, Fla. | Public | 1860.00 | 1825.00 | 98.12 |
10 | 10 | Metavante Technologies | Milwaukee | Public | 1707.27 | 1707.27 | 100.00 |
11 | * | Infosys Technologies | Bangalore, India | Public | 4684.00 | 1599.00 | 34.14 |
12 | 8 | CA (Computer Associates) | Islandia, N.Y. | Public | 4321.00 | 1575.00 | 36.45 |
13 | 12 | Cognizant Technology Solutions | Teaneck, N.J. | Public | 2816.30 | 1267.00 | 44.99 |
14 | 11 | DST Systems | Kansas City, Mo. | Public | 2285.40 | 1215.30 | 53.18 |
15 | 14 | Experian Group | Dublin | Public | 3852.00 | 1116.31 | 28.90 |
16 | 13 | SAS | Cary, N.C. | Private | 2260.00 | 950.00 | 42.04 |
17 | 16 | Equifax | Atlanta | Public | 1935.70 | 826.50 | 42.70 |
18 | 15 | Jack Henry & Associates | Monett, Mo. | Public | 749.50 | 749.50 | 100.00 |
19 | 20 | Oberthur Card Systems SA | Nanterre, France | Private | 1257.00 | 716.49 | 57.00 |
20 | 18 | Broadridge Financial Solutions | Lake Success, N.Y. | Public | 2236.30 | 626.16 | 28.00 |
21 | 25 | Ingenico SA | Puteaux Cedex, France | Public | 1034.60 | 584.30 | 56.50 |
22 | 19 | FICO | Minneapolis | Public | 731.78 | 518.31 | 70.83 |
23 | 23 | Open Solutions Inc. | Glastonbury, Conn. | Private | 431.40 | 431.40 | 100.00 |
24 | 26 | Itautec | São Paulo | Public | 1043.97 | 417.59 | 40.00 |
25 | 24 | EDB Business Partner ASA | Oslo | Public | 1250.00 | 412.17 | 32.97 |
26 | 28 | Temenos Group AG | Geneva | Public | 406.94 | 406.94 | 100.00 |
27 | 27 | ACI Worldwide | New York | Public | 418.00 | 376.00 | 89.95 |
28 | 33 | Hypercom | Scottsdale, Ariz. | Public | 437.31 | 367.34 | 84.00 |
29 | 30 | Murex SA | Paris | Private | 365.00 | 365.00 | 100.00 |
30 | 21 | Misys | London | Public | 798.63 | 340.00 | 42.57 |
31 | 22 | IPC Information Systems | New York | Private | 642.00 | 337.00 | 52.49 |
32 | — | 3i Infotech | Mumbai | Public | 440.94 | 315.28 | 71.50 |
33 | 67 | CPM Braxis | São Paulo | Private | 456.00 | 309.00 | 67.76 |
34 | 40 | Syntel | Troy, Mich. | Public | 410.43 | 305.20 | 74.36 |
35 | 29 | Harland Financial Solutions | Lake Mary, Fla. | Public | 293.70 | 293.70 | 100.00 |
36 | 36 | SS&C Technologies | Windsor, Conn. | Public | 280.00 | 280.00 | 100.00 |
37 | 39 | MphasiS | Bangalore, India | Acquired | 664.00 | 278.90 | 42.00 |
38 | 31 | TransFirst Holdings | Dallas | Private | 785.90 | 275.07 | 35.00 |
39 | 38 | Polaris Software Lab | Chennai, Tamil Nadu, India | Public | 304.50 | 275.00 | 90.30 |
40 | 35 | Patni Computer Systems | Mumbai | Public | 718.88 | 268.00 | 37.00 |
41 | 44 | Advent Software | San Francisco | Public | 264.83 | 264.83 | 100.00 |
42 | 37 | Wolters Kluwer Financial Services | Minneapolis | Public | 246.00 | 246.00 | 100.00 |
43 | 45 | Simcorp | Copenhagen | Public | 236.00 | 236.00 | 100.00 |
44 | 41 | GFT Technologies AG | St. Georgen, Germany | Public | 338.62 | 230.26 | 68.00 |
45 | 47 | Ness Technologies | Canonsburg, Pa. | Public | 664.81 | 226.00 | 33.99 |
46 | 42 | Linedata Services SA | Rueil-Malmaison, France | Public | 224.79 | 224.79 | 100.00 |
47 | 46 | Resolve Corp. | Toronto | Public | 369.00 | 221.40 | 60.00 |
48 | 50 | Fidessa | London | Public | 310.18 | 195.40 | 63.00 |
49 | — | BancTec | Irving, Texas | Private | 271.92 | 190.34 | 70.00 |
50 | 49 | S1 | Norcross, Ga. | Public | 228.44 | 189.60 | 83.00 |
51 | 51 | GlobeOp Financial Services | London | Public | 185.00 | 185.00 | 100.00 |
52 | 48 | Headstrong | Fairfax, Va. | Private | 178.61 | 178.61 | 100.00 |
53 | 54 | Firstsource Solutions | Mumbai | Public | 341.00 | 177.32 | 52.00 |
54 | 52 | DealerTrack Holdings | Lake Success, N.Y. | Public | 242.71 | 167.50 | 69.01 |
55 | 59 | Charles River Development | Burlington, Mass. | Private | 165.00 | 165.00 | 100.00 |
56 | 55 | Algorithmics | Toronto | Public | 157.70 | 157.70 | 100.00 |
57 | 43 | Politec | São Paulo | Private | 255.80 | 156.00 | 61.00 |
58 | 63 | Avaloq | Zurich | Private | 155.00 | 155.00 | 100.00 |
59 | 58 | Interactive Data Corp. | Bedford, Mass. | Public | 750.54 | 140.00 | 18.65 |
60 | 61 | Wall Street Systems | New York | Private | 143.20 | 138.90 | 97.00 |
61 | 68 | Calypso Technology | San Francisco | Private | 136.00 | 136.00 | 100.00 |
62 | — | Longtop Financial Technologies | Beijing | Public | 136.00 | 129.20 | 95.00 |
63 | 72 | Pegasystems | Cambridge, Mass. | Public | 211.65 | 124.88 | 59.00 |
64 | 64 | Bravura Solutions | Sydney | Public | 122.53 | 122.53 | 100.00 |
65 | 66 | FundTech | Jersey City | Public | 121.00 | 121.00 | 100.00 |
66 | — | Collabera | Morristown, N.J. | Private | 288.73 | 117.38 | 40.65 |
67 | 65 | iGATE Global Solutions | Bangalore, India | Public | 218.80 | 110.90 | 51.00 |
68 | 76 | OpenLink | New York | Private | 184.00 | 110.40 | 60.00 |
69 | — | Mastek | Mumbai | Public | 233.00 | 110.00 | 47.21 |
69 | 81 | Sophis | London | Private | 110.00 | 110.00 | 100.00 |
71 | 69 | Vasco Data Security | Oakbrook Terrace, Ill. | Public | 132.98 | 109.04 | 82.00 |
72 | 71 | ERI Bancaire SA | Zurich | Private | 109.00 | 109.00 | 100.00 |
73 | 60 | Chordiant Software | Cupertino, Calif. | Public | 107.17 | 105.02 | 98.00 |
74 | 62 | Odyssey Financial Technologies | Prilly, Switzerland | Private | 103.60 | 103.60 | 100.00 |
75 | 57 | Online Resources | Chantilly, Va. | Public | 151.64 | 101.60 | 67.00 |
76 | 83 | Eagle Investment Systems | West Hartford, Conn. | Public | 101.40 | 101.40 | 100.00 |
77 | 70 | Viewpointe | New York | Private | 100.00 | 100.00 | 100.00 |
78 | — | TAS Group | Bologna, Italy | Public | 106.19 | 98.76 | 93.00 |
79 | — | Diamond Management & Technology Consultants | Chicago | Public | 182.00 | 96.50 | 53.02 |
80 | 78 | Callatay and Wouters | Brussels | Public | 93.90 | 93.90 | 100.00 |
81 | 72 | SmartStream | London | Private | 92.27 | 92.27 | 100.00 |
82 | 75 | Investment Technology Group | New York | Public | 762.98 | 92.00 | 12.06 |
83 | 77 | ORC Software AB | Stockholm | Public | 85.73 | 74.62 | 87.00 |
84 | 87 | Goldleaf Financial Solutions | Norcross, Ga. | Public | 81.57 | 74.00 | 90.72 |
85 | — | Nucleus Software | Noida, India | Public | 73.81 | 73.81 | 100.00 |
86 | 74 | Wausau Financial Systems | Mosinee, Wis. | Private | 100.00 | 70.00 | 70.00 |
87 | 97 | Hyland Software | Westlake, Ohio | Private | 124.50 | 69.72 | 56.00 |
88 | 82 | Actuate | San Mateo, Calif. | Public | 131.00 | 65.50 | 50.00 |
89 | 78 | Hundsun Technologies | Hangzhou, China | Private | 97.88 | 64.60 | 66.00 |
90 | 80 | Viveo | Paris | Private | 64.50 | 64.50 | 100.00 |
91 | 93 | Eze Castle Integration | Boston | Private | 66.95 | 63.60 | 95.00 |
92 | — | Panini | Bologna, Italy | Private | 63.00 | 63.00 | 100.00 |
93 | 86 | Callidus Software | San Jose | Public | 107.18 | 61.63 | 57.50 |
94 | — | AurionPro Solutions | Mumbai | Public | 60.63 | 60.63 | 100.00 |
95 | 87 | COCC | Avon, Conn. | Private | 59.80 | 59.80 | 100.00 |
96 | — | FRS Global | Stevens-Woluwe, Belgium | Public | 58.00 | 58.00 | 100.00 |
97 | 95 | Norkom Technologies | Dublin | Public | 57.40 | 57.40 | 100.00 |
98 | 84 | Yucheng Technologies | Beijing | Private | 54.10 | 54.10 | 100.00 |
99 | 92 | Celero Solutions | Calgary, Canada | Private | 67.00 | 53.55 | 79.93 |
100 | 89 | Argo Data Resource Corp. | Richardson, Texas | Private | 53.40 | 53.40 | 100.00 |
Correction: Subsequent financial analysis has revealed the following corrections to the 2009 FinTech 100 rankings. For calendar year 2008, Misys had financial services revenues of $536.31 million, Norkom Technologies had financial services revenues of $67.2 million and Bottomline Technologies had financial services revenues of $61 million. Re-estimations of revenue for these companies were due to errors in application of exchange rates or classification of certain lines of businesses relative to the FinTech methodology. While these corrections adjust revenue for Misys and Norkom, they also indicate inclusion in the FinTech 100 for Bottomline Technologies.
Note: All rankings based on Financial Insights' revenue estimates. Companies in the FinTech 100 rankings derive at least one-third of revenue from the financial services industry. *Ranking from the Top 25 Enterprise
© American Banker/Bank Technology News/Financial Insights FinTech 100 (2009)