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.