MoneyWorks4Me

Fiserv in talks to acquire Polaris Financial Technology: Report

26 Feb 2014 Evaluate

US based Fiserv is reportedly in talks to acquire Polaris Financial Technology. The due diligence is in final stages and valuation is being worked out. The US based company is eying both service and product business of Polaris.

Promoter holds 29.13% stake in Polaris Financial Technology. Fiserv’s total revenue was $4.48 billion in 2012.

Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.

Peers
Company Name CMP
TCS 2463.00
Infosys 1161.60
HCL Technologies 1378.00
Wipro 184.40
Tech Mahindra 1788.00
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