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FIS Sells Certegy Check Services Business Unit
September 04, 2018
- FIS sells Certegy Check Services to Variant Equity Advisors.
JACKSONVILLE, Fla., Sept. 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.
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