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08:12 07/07/2016

FIS seeks to boost financial software portfolio with $9.1B Sungard acquisition

The deal, announced Wednesday, ends SunGard’s bid to go public. The Wayne, Pennsylvania, company filed for an initial public offering in June, about 10 years after being acquired by a group of private equity firms. The firms that purchased SunGard for approximately $11 billion in 2005 include Bain Capital, Silver Lake Management and Blackstone Group.