CHARLOTTE, N.C.--(BUSINESS WIRE)--Zenmonics, a privately-held IDC Fintech 100 company and global provider of innovative software that supports all channels of a financial institution on a single platform, today announced that it has accepted a minority investment from Fidelity National Information Services, Inc. (NYSE: FIS).
The agreement represents the natural evolution of a long and successful partnership between the two companies. The investment enables Zenmonics to continue its aggressive growth and extend capabilities of its channelUNITED® platform, already recognized as the most innovative solution in the market.
“This investment marks an important and exciting milestone for our firm,” said Riaz Syed, founder and chief executive officer of Zenmonics. “It enables us to grow innovation and delivery capacity for our current clients, while also extending our reach in the market. To do that in partnership with FIS, the leading fintech firm in the world, is a unique opportunity that best positions us to meet the needs of our clients and the market. “
Zenmonics maintains its direct market presence and management control of the firm, including the go-to-market strategy of its channelUNITED® platform. Marlin & Associates acted as Zenmonics’ strategic and financial advisor on this transaction. No other terms of the agreement were disclosed.
Charlotte, N.C.-based Zenmonics is a global provider of innovative software that supports all channels of a financial institution on a single platform. Zenmonics’ channelUNITED® platform is the leading, open standard tool that can be deployed with any core system and spans all self-service and assisted channels to enable complete digital transformation. Zenmonics is committed to transforming the financial industry to ensure financial institutions stay continuously engaged with their customers. To learn more, visit www.zenmonics.com.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.