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Article: S1 Corporation Executes On Global Expansion Strategy, Announces Strategic Alliance With Zurich Financial Services.
- Article from:
- Business Wire
- Article date:
- December 16, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA--(BUSINESS WIRE)--Dec. 15, 1999--
S1 Corporation Prepares for Pan-European Evolution of Internet-Based
Financial Services and Establishes European Data Center
Rapidly executing on its global expansion strategy, S1 Corporation (Nasdaq:SONE) announced today it has signed a letter of intent to enter into a multi-faceted alliance with the Zurich Financial Services Group, a major financial services provider with US$423 billion in assets under management. As part of the alliance, Zurich will make a US$15 million equity investment in return for 10 percent ownership and options on an additional five percent of a to-be-established European-based ...