Financial services tech firms attract investors

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) 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

Deal Video | October 29, 2009

Tags:. .edition. .williams. .nearly. .perot. .transactions