JACKSONVILLE, Fla., Oct. 13 /PRNewswire-FirstCall/ -- Fidelity National
Information Services, Inc., (NYSE: FIS) has completed the previously announced
sale of the operating assets of Certegy Australia, Ltd. to Flexigroup Limited
(ASX: FXL) for $30 million in cash and other consideration.
Additionally, based on the current exchange rate and the collection of
accounts receivable which were not included in the sale of assets, FIS expects
to realize incremental net cash of approximately $110 million, with the
majority of the receivables expected to be collected within 18 months.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500
company, is a leading provider of core processing for financial institutions;
card issuer and transaction processing services; and outsourcing services to
financial institutions and retailers. FIS has processing and technology
relationships with 40 of the top 50 global banks, including nine of the top
10. FIS is a member of Standard & Poor's (S&P) 500 Index and has been ranked
the number one overall financial technology provider in the world by American
Banker and the research firm Financial Insights in the annual FinTech 100
rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global
presence, serving more than 13,000 financial institutions in more than 80
countries worldwide. For more information on Fidelity National Information
Services, please visit www.fidelityinfoservices.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical facts,
including statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements are based on management's beliefs, as
well as assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to future
economic performance and are not statements of fact, actual results may differ
materially from those projected. We undertake no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: changes in general
economic, business and political conditions and other risks detailed in the
'Statement Regarding Forward-Looking Information,' 'Risk Factors' and other
sections of the Company's Form 10-K and other filings with the Securities and
Exchange Commission.
SOURCE Fidelity National Information Services, Inc.
