AP NEWS

FIS Sells Certegy Check Services Business Unit

September 4, 2018

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sep 4, 2018--FIS ™ (NYSE: FIS), a global leader in financial services technology, today announced it has sold substantially all of the assets of its Certegy Check Services business unit to an affiliate of Variant Equity Advisors, LLC, a U.S.-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organizations.

The divestiture is consistent with FIS’ strategic focus on providing software-based solutions to its financial institution, corporate and other clients.

With the closing of this transaction on Fri., Aug. 31, the Certegy Check Services business became an independently operated company.

FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500 ® Index. For more information about FIS, visit www.fisglobal.com.

Follow FIS on Facebook ( facebook.com/FIStoday ), LinkedIn ( linkedin.com/company/fis ) and Twitter ( @FISGlobal ).

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005410/en/

CONTACT: Ellyn Raftery, 904.438.6083

Chief Marketing Officer

FIS Global Marketing and Corporate Communications

ellyn.raftery@fisglobal.com

or

Peter Gunnlaugsson, 904.438.6603

Senior Vice President

FIS Investor Relations

pete.gunnlaugsson@fisglobal.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Fidelity National Information Services

Copyright Business Wire 2018.

PUB: 09/04/2018 09:00 AM/DISC: 09/04/2018 09:01 AM

http://www.businesswire.com/news/home/20180904005410/en

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