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Business Information Data Systems Inc.
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Business Information Data Systems Inc. (BIDS) was a provider of specialized technology solutions for the financial industry, focusing on securities processing for retail brokerages. The company's systems handled critical back-office functions such as trade processing, clearing, settlement, and reporting. In May 2004, BIDS was acquired by SunGard Data Systems Inc., a major financial technology conglomerate, for approximately $115 million. SunGard was subsequently acquired by Fidelity National Information Services (FIS) in 2015, absorbing the technology and legacy of BIDS into its broader suite of financial products.
United States
Industry
Technology
Financial