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Technology

FIS Acquires Mobile Banking Pioneer mFoundry

JAN 31, 2013 9:15am ET

JACKSONVILLE, Fla. – In the latest of a new flurry of deal-making, FIS announced this morning it has agreed to acquire the 78% it doesn’t own of mFoundry, one of the first providers of mobile technology for credit unions and banks, for $120 million in cash.

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