Post-acquisition progress: FIS, Vantiv, and Worldpay
We think that Fidelity National Information Services (FIS) has made a major strategic move in acquiring Worldpay (WP) for $43 billion recently, which presents an interesting upside opportunity for technology investors to receive exposure beyond the financial services technology market. In a nutshell, FIS pre-Worldpay acquisition is pretty much the largest core banking software provider for many large financial institutions.
FIS made the Worldpay acquisition just about a year after Vantiv (VNTV) acquired Worldpay and decided to change its name to Worldpay. With the acquisition, FIS also