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Friday, May 16, 2008                     
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Merger And Acquisitions by FS Outsourcing

Acquisitions
  • Mascon Global acquires Ebusinessware
    15-May-2008
    Mascon Global (MGL) has taken over Ebusinessware Inc, a provider of IT solutions and consulting services to financial organizations for a sum of USD 35 million.
  • Oracle acquires AdminServer
    15-May-2008
    Oracle has taken over AdminServer, a provider of policy administration solutions to insurance firms.
  • The Bank of New York Mellon takes over LAMP Technologies
    13-May-2008
    The Bank of New York Mellon has taken over the fund of hedge funds administrative services business of LAMP Technologies LLC.
  • Perot Systems acquires Original Solutions
    13-May-2008
    Perot Systems Corporation has taken over Original Solutions Limited, a provider of applications development and management services in Ireland and the U.K. The financial terms and conditions of the agreement remained undisclosed.
  • HP plans to taker over EDS
    13-May-2008
    Hewlett Packard (HP) announced that it has inked a definitive agreement to acquire Electronic Data Systems (EDS) at a price of USD 25 per share. The deal value of this agreement is USD 13.9 billion.
  • HCL Infosystems takes over Natural Technologies
    06-May-2008
    HCL Infosystems has decided to take over Natural Technologies, a provider of banking solutions based in India.
  • Idhasoft takes over Intelligium
    05-May-2008
    Idhasoft has taken over Intelligium, an infrastructure management services provider.
  • ING Group to acquire CitiStreet for USD 900 million
    02-May-2008
    Citigroup and State Street Corporation have announced that they have inked a definitive deal to sell their jointly owned business CitiStreet to ING Group in a deal worth USD 900 million.
  • Oracle Corporation acquires BEA Systems
    30-April-2008
    Oracle Corp, a provider of business solutions, has acquired BEA Systems Inc for USD 8.5 billion (Euro 5.4 billion) BEA Systems is one of the topmost providers of enterprise application infrastructure solutions.
  • IBM acquires InfoDyne Corporation
    30-April-2008
    IBM has completed the acquisition of InfoDyne Corporation, a provider of a processing solutions to trading firms. The financial terms and conditions of the transaction remained undisclosed.
  • Wall Street Systems takes over the wholesale banking unit of Aleri
    29-April-2008
    Wall Street Systems has inked a contract to take over the wholesale banking unit of Aleri. The financial terms and conditions of the transaction remained undisclosed.
  • 3i Infotech acquires Regulus Group for USD 80 million
    29-April-2008
    3i Infotech announced that it has taken over Regulus Group for a sum of nearly USD 100 million.
  • FrontRange Solutions takes over Centennial Software
    28-April-2008
    FrontRange Solutions has acquired Centennial Software, a provider of asset management and network security solutions. Financial terms and conditions of the agreement were not disclosed.
  • Valdo Global Services has taken over WinSource Solutions
    23-April-2008
    Valdo Global Services (VGS), headquartered in Singapore has taken over WinSource Solutions for a sum of USD 7.17 million. WinSource Solutions, located in Philippines offers business process outsourcing (BPO) services.
  • NYFIX acquires Fixcity
    10-April-2008
    NYFIX has taken over Fixcity, a provider of e-trading and FIX messaging services. The financial terms and conditions of the acquisition were not disclosed.
  • Markit takes over NTC Economics
    10-April-2008
    Markit has acquired NTC Economics, a leading provider of global macro-economic indicators to financial organizations. The financial terms and conditions of the acquisition remained undisclosed.
  • Conifer Securities takes over Morgan Stanley’s trading business
    10-April-2008
    Conifer Securities, a provider of software solutions to hedge funds, has acquired Morgan Stanley’s outsourced trading operations. The financial terms and conditions of the transaction were not disclosed.
  • Citi acquires a minority stake in Tradeweb
    08-April-2008
    Citi is acquiring an undisclosed minority equity stake in electronic fixed income platform TradeWeb. Citi will take a seat on the Tradeweb board, joining the nine other Wall Street dealers that paid $180 million for a minority stake in the platform last year.
  • WNS acquires Call 24/7 for USD 19.2 million
    07-April-2008
    WNS global services has signed a deal to but all shares of Chang Ltd in its bid to acquire Call 24/7. Call 24/7 is the key operating entity of Chang ltd. The total consideration of the deal is worth approx USD 19.2 million.
  • EDS completes the acquisition of Vistorm Holdings
    04-April-2008
    EDS has taken over Vistorm Holdings Limited, a leader in information assurance and managed security services. The financial terms and conditions of the agreement were not disclosed.
  • Pegasystems acquires intellectual property from Focus Technology Group
    03-April-2008
    Pegasystems has taken over Focus Technology Group’s intellectual property and key personnel. The financial terms and conditions of the agreement were not disclosed.
  • Hypercom Corporation acquires Thales SA’s e-Transactions business
    02-April-2008
    Hypercom Corporation has taken over Thales SA's e-Transactions business, one of the topmost providers of secure card payment solutions in Europe. The financial terms and conditions of the agreement were not disclosed.
  • Portrait Software to take over Million Handshakes
    20-March-2008
    Portrait Software has decided to take over Million Handshakes, an outbound campaign management and marketing solutions provider. Portrait Software, a UK based firm, offers customer relationship management solutions.
  • ABeam Consulting completes the acquisition of Catalyst Development
    12-March-2008
    ABeam Consulting has acquired Catalyst Development, a provider of consultancy services to the financial sector. The financial terms and conditions of the agreement were not disclosed.
  • IBM takes over Encentuate
    12-March-2008
    IBM has taken over Encentuate, an identity and access management solutions provider. The financial terms and conditions of the agreement were not disclosed.
  • SunGard acquires Payformance Corporation’s corporate payments division
    11-March-2008
    SunGard has taken over the corporate payments division of Payformance Corporation, a provider of payment processing solutions to corporations and health care institutions. The financial terms and conditions of the agreement remained undisclosed.
  • NYSE Euronext acquires Wombat Financial Software
    10-March-2008
    NYSE Euronext has taken over Wombat Financial Software for a sum of USD 200 million. Wombat is a leading provider of market data management solutions.
  • Mastek takes over Systems Task Group International
    10-March-2008
    Mastek has completed the acquisition of Systems Task Group International for a total deal value of USD 29 million.
  • SunGard acquires Advanced Portfolio Technologies
    06-March-2008
    SunGard has taken over Advanced Portfolio Technologies, Inc. (APT), an IT firm which offers risk management systems and portfolio management solutions to financial organizations.
  • MarketAxess acquires Greenline Financial Technologies
    06-March-2008
    MarketAxess has taken over Greenline Financial Technologies for a total deal value of USD 42 million. The total deal value comprises of USD 35 million in cash and USD 7 million in MarketAxess shares.
  • NCO Group, Inc. takes over Outsourcing Solutions Inc.
    29-February-2008
    NCO Group, Inc. has acquired Outsourcing Solutions Inc. for a deal value of USD 325 million in cash. NCO Group, Inc. is one of the topmost providers of business process outsourcing (BPO) services. Outsourcing Solutions Inc. is also BPO firm that specializes in accounts receivable management services.
  • Reed Elsevier acquires ChoicePoint
    25-February-2008
    Reed Elsevier has acquired ChoicePoint, a provider of risk management solutions, for a deal value of USD 3.5 billion.
  • StatPro has taken over Performa Consultants UK
    21-February-2008
    StatPro has taken over Performa Consultants UK for a total deal value of GBP 7 million (USD 13.7 million converted on 02/21/08).
  • Oliver Wyman acquires Celent
    21-February-2008
    Oliver Wyman has taken over Celent, a consulting and research firm.
  • Reed Elsevier plans to acquire ChoicePoint
    21-February-2008
    Reed Elsevier is planning to acquire ChoicePoint for a total sum of USD 4.1 billion.
  • HCL Technologies buys Capital Stream
    20-February-2008
    HCL Technologies has taken over Capital Stream, a lending and processing solutions provider, for a cash payment of about USD 40 million.
  • Fundtech acquires TROY Group Inc.'s ACH product line
    20-February-2008
    Fundtech, a provider of corporate banking applications, has acquired TROY Group Inc.'s ACH (Automated Clearing House) Software Product Line.
  • vwd AG acquires Tijd Nederland
    15-February-2008
    vwd (Vereinigte Wirtschaftsdienste) AG has taken over Tijd Nederland for a sum of USD 10.3 million.
  • Hypercom Corporation takes over Thales card payment division
    13-February-2008
    Hypercom Corporation announced that it executed a contract to take over Thales card payment division.
  • 3i Infotech buys Accounting Frameworks Limited for USD 12.3 million
    12-February-2008
    3i Infotech has acquired Accounting Frameworks Limited (AFL) for a sum of USD 12.3 million. AFL offers accounting, portfolio management and front office technology to the private equity industry.
  • Trintech acquires Movaris
    12-February-2008
    Trintech has signed a definitive deal to take over Movaris, a provider of risk management and compliance solutions.
  • Netik takes over Capco Reference Data Services
    11-February-2008
    Netik has taken over Capco Reference Data Services (CRDS), a provider of reference and market data services.
  • Bowne & Co., Inc. takes over GCom2 Solutions, Inc.
    08-February-2008
    Bowne & Co., Inc. has acquired GCom2 Solutions, Inc. for USD 45 million in cash.
  • Mindteck takes over Infotech Consulting
    07-February-2008
    Mindteck has signed a USD 21 million acquisition deal with Infotech Consulting, a U.S. based IT firm.
  • Fundtech buys Accountis
    07-February-2008
    Fundtech, a U.S. based IT services provider, has acquired Accountis for a sum of GBP 5.8 million (USD 11.3 million converted on 02/08/08).