Market Overview

FIS Sells Certegy Check Services Business Unit

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Key facts

  • FIS sells Certegy Check Services to Variant Equity Advisors.

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.

About
FIS

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).

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