Metavante Corporation was a financial technology company headquartered in Milwaukee, Wisconsin. Originally founded as M&I Data Services in 1964 as a subsidiary of Marshall & Ilsley Corporation, it was spun off as an independent publicly traded company in 2007. In 2008, Metavante had approximately 5,900 employees and reported revenues of $1.707 billion. In 2009, Metavante was acquired by Fidelity National Information Services (FIS) in a deal valued at $4.4 billion.
Metavante provided banking, payment, and account processing software and solutions primarily for the financial services sector. Its offerings included account processing for deposit, loan, and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment. The company was also known for its role in ATM network development.
As an operating company, Metavante Corporation has been a defendant in patent litigation. The company has been involved in one tracked case, appearing as a defendant in Intellectual Ventures I LLC et al. v. Fidelity National Information Services Inc. et al. in the Pennsylvania Western District Court. This aligns with the profile of an operating company defending against patent infringement assertions rather than actively asserting patents.
The notable case, Intellectual Ventures I LLC et al. v. Fidelity National Information Services Inc. et al., filed in 2013, involved Metavante Corporation as a defendant. This particular lawsuit is consistent with Metavante's status as a subsidiary of FIS, as the parent company was also named in the suit.