Capco, which specializes in the financial services industry, was previously majority owned by Symphony Technology Group, a Palo Alto-based private equity firm.
Symphony does not retain any equity or interest in Capco now.
Rob Heyvaert, Capco founder and CEO, will continue to lead Capco, reporting to FIS president and CEO, Frank Martire.
Heyvaert has also been inducted as member in FIS’ Executive Management team.
Martire said Capco, with its strong brand and industry expertise, is an excellent addition to FIS’ portfolio of services.
"We believe that our clients will benefit greatly from the expanded breadth of market expertise, technology solutions and strategic support resulting from this combination," Martire added.
