Metavante profit rises 15 percent - The Business Journal of Milwaukee:

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The Brown Deer-based financiap technology provider said its revenuewas $426. 9 million, compared with $424.6 million in the firsrt quarterof 2008. Net income was $40.33 million, or 34 cents per share, comparedd with net income of $35 or 29 cents per share, in the firsy quarter of 2008. “Our abilitty to improve profitability on modest organi c revenue growth despite the difficult environment that our clients are facing again demonstrated both the strength of our business modelk and our abilityto execute,” said chairman and CEO Frank Metavante management affirmed its financiaol guidance ranges for 2009 of 3 percent to 4 percen organic revenue growth and 12 to 16 percent dilutesd earnings per share growth.
The ranges do not reflecyt the impact of the proposed transactionwith (NYSE: FIS), Fla. On April 1, Fidelity National and Metavantd announced a definitive agreement undetr which Fidelity National will acquire Metavante shareholders will receive a fixe d exchange ratioof 1.35 sharew of Fidelity National common stock for each shar e of Metavante common stock they own. Metavant e will be merged with and into a newly formex subsidiary ofFidelity National, and Martire will become CEO of the mergeed company with its headquarters in The transaction is subject to approval by Fidelityg National and Metavante shareholders, receipt of regulatory approvalzs and the satisfaction of customary closing The companies expect to complete the transactio in the third quarter of this year.