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Article: Competitor to acquire Metavante Some jobs likely lost after Milwaukee headquarters relocates to Florida
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- April 2, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Less than a year and half after becoming an independent company,
Metavante Technologies Inc. is being acquired by a competitor in a
nearly $3 billion deal that analysts say makes sense for the company
but will end up costing the Milwaukee area a corporate headquarters.
Fidelity National Information Services Inc. and Metavante
Wednesday said Fidelity would buy the Brown Deer-based financial
technology provider in an all-stock transaction that creates the
largest company of its kind -- as measured by annual revenue -- in
the industry.
Metavante's top executive, Frank Martire, will relocate to
Fidelity National's headquarters in Jacksonville, Fla., to become
CEO of Fidelity.
Martire said the ...