FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Key facts
JACKSONVILLE, Fla., Nov. 16, 2017 – FIS™ (NYSE: FIS), – a global leader in financial services technology, today announced that it has signed a definitive agreement to sell its SunGard Kingstar Data System (China) Co., Ltd. (“Kingstar”) business to Zhongping Capital. The transaction is anticipated to close in the first quarter of 2018. Terms of the agreement were not released.
Kingstar provides software and processing solutions for China’s financial markets. The divestiture is consistent with FIS’ primary goals of serving financial institutions and maintaining leadership positions in markets where the company has meaningful scale.
BDA Partners acted as financial advisor to FIS on the transaction.
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 53,000 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) and Twitter (@FISGlobal).
About Zhongping Capital
Zhongping Capital is a leading alternative asset manager in China with over RMB30 billion of assets under management. Investing across finance services, TMT, healthcare, environmental services, new energy, and Industry 4.0, Zhongping aims to create long-term value for its investors by adopting a patient “buy-and-hold” investment approach and helping its portfolio companies achieve their full potential with implementation of growth and best-practice operational strategies. Zhongping Capital’s vision is to create value for the investors, promote prosperity of the society, provide professional development opportunities to the employees and propel the economic growth of China.
For more information about Zhongping Capital, please visit Zhongping’s website at http://www.zhongpingcapital.com.
For More Information
Kim Snider, +1 904.438.6278 Senior Vice President FIS Global Marketing and Communications kim.snider@fisglobal.com
Peter Gunnlaugsson, 904.438.6603 Senior Vice President FIS Investor Relations pete.gunnlaugsson@fisglobal.com
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