2008

May

02

ING Group to acquire CitiStreet for USD 900 million

Citigroup and State Street Corporation have announced that they have inked a definitive deal to sell their jointly owned business CitiStreet to ING Group in a deal worth USD 900 million.

2008

May

05

Idhasoft takes over Intelligium

Idhasoft has taken over Intelligium, an infrastructure management services provider.

2008

May

06

HCL Infosystems takes over Natural Technologies

HCL Infosystems has decided to take over Natural Technologies, a provider of banking solutions based in India.

2008

May

13

The Bank of New York Mellon takes over LAMP Technologies

The Bank of New York Mellon has taken over the fund of hedge funds administrative services business of LAMP Technologies LLC.

2008

May

13

Perot Systems acquires Original Solutions

Perot Systems Corporation has taken over Original Solutions Limited, a provider of applications development and management services in Ireland and the U.K. The financial terms and conditions of the agreement remained undisclosed.

2008

May

13

HP plans to taker over EDS

Hewlett Packard (HP) announced that it has inked a definitive agreement to acquire Electronic Data Systems (EDS) at a price of USD 25 per share. The deal value of this agreement is USD 13.9 billion.

2008

May

15

Mascon Global acquires Ebusinessware

Mascon Global (MGL) has taken over Ebusinessware Inc, a provider of IT solutions and consulting services to financial organizations for a sum of USD 35 million.

2008

May

15

Oracle acquires AdminServer

Oracle has taken over AdminServer, a provider of policy administration solutions to insurance firms.

2008

May

21

First Data buys 50 percent stake in Eufiserv processing business

First Data, a global leader in e-commerce and payment services has signed an agreement with EUFISERV and its fifteen shareholders, which includes twelve European banks and banking organizations, with the intention of expanding and developing the European inter-bank processing network that is managed by EUFISERV.

2008

May

22

UK reference data provider SSISearch acquired by Investment research & trading outfit State Street Global Markets

State Street Global Markets in a view to streamline communications for the institutional investors worldwide and support the investment process from pre-trade through post-trade acquired the UK reference data provider SSISearch.