Posted on October 30, 2009 at 8:00 AM
Filed under: Inside the Deal | Middle market
Tagged: Harris Williams & Co. , Inside the Deal , Jeff Bistrong , middle market , technology

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Banks have spent nearly two years downsizing through workforce reductions and other cost-cutting measures. Now many are turning to technology to further drive efficiency and to help maintain service levels. That in turn is attracting a variety of investors to financial services technology, or fintech, firms with the tools to address those needs. In this edition of Inside The Deal, Jeff Bistrong, managing director with the middle-market-focused investment bank Harris Williams & Co., says Xerox Corp.'s (NYSE:XRX) acquisition of Affiliated Computer Systems Inc. (NYSE:ACS) and Dell Inc.'s (NASDAQ:DELL) purchase of Perot Services Corp. (NYSE:PER) qualify as examples with both targets offering some fintech services. But Bistrong says middle-market firms and private equity investors are also driving fintech transactions. See the video below or download it at iTunes. - Suzanne Stevens





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