FIS (company)

Overview

Fidelity National Information Services, Inc.

trade name	FIS
predecessor	Systematics, Inc
type	Public
traded as	nyse: FIS S&P 500 component
founded	1968
hq location city	Jacksonville, Florida
hq location country	U.S.
area served	Worldwide
key people	Stephanie Ferris (CEO & President) Jeffrey A. Goldstein (Chairman)
industry	Financial services
num employees	50,000+
num employees year	2024
products	Banking Technology, Payment Technology, Processing Services, Information Based services
revenue	US$10.1 billion (2024)
operating income	US$1.71 billion (2024)
net income	US$1.45 billion (2024)
assets	US$33.8 billion (2024)
equity	US$15.7 billion (2024)
website	https://fisglobal.com
footnotes	‡R1R‡

Fidelity National Information Services, Inc. (FIS) is an American financial technology company. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.

FIS was ranked second in the FinTech Forward 2016 rankings.[2] After acquiring Worldpay for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.[3]

History

The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division. Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS).[4]

Mergers, acquisitions and divestments

Throughout its history, FIS has made many acquisitions.[7] Its largest, a proposed merger with Global Payments, was reported as being worth US$70 billion of combined enterprise value. Discussions about the merger were halted in December 2020.[8]

Alltel Information Services, $1.05 billion (2003)[7]

WebTone Technologies (2003)[9][10]

Sanchez Computer Associates, $175 million (2004)[11]

Aurum Technology (2004)[12]

BankWare (2004)[13]

InterCept (2004)[14]

Kordoba GmbH & Co, $163.2 million (2004)[7]

Merger with Certegy Inc., $1.8 billion (2006)[7][15]

eFunds Corporation (EFD), approximately $1.8 billion in cash (2007)[16]

Metavante Corporation, $2.94 billion in stock (2009)[17]

Compliance Coach, Inc, 2010[18]

Capco, $292 million (2010)[19] In May 2017 FIS sold a 60% stake in Capco to CD&R funds for $477 million.[20]

Pronet Solutions, $24 million (2012)

TDWI (Toronto Dominion Wealth Institutional) – now re-branded as Platform Securities (2013)[21]

mFoundry, $120 million (2013)[22]

CMSI (2014)[23][24]

Reliance Trust Company (2014)[25] $110 million

Clear2Pay (2014)[26][27] $480 million

SunGard (2015)[28] $9.1 billion

Worldpay, Inc. (2019)[29] $43 billion

Virtus Partners (2020)[30]

Payrix (2022)[31]

Bond Financial Technologies (2023)[32]

Torstone Technology (2024)[33]

Dragonfly Financial Technologies (2024)[34]

Demica (2024)[35]

Amount (2025)[36]

Everlink (2025)[37]

TSYS, $13.5 billion (2026)[38]

Divestments

In February 2023, in the wake of pressure from activist investors, the company announced it would spin off its merchant business that consisted of Worldpay in the 12 months that followed.[39] In July 2023, FIS agreed to sell a 55percent stake in Worldpay to private equity firm GTCR for $11.7billion, valuing Worldpay at $18.5billion.[40] On February 1, 2024, the company announced it had completed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 billion, including US$1 billion contingent on returns realized by GTCR. FIS will maintain commercial agreements with Worldpay and will create a joint strategic go-to-market partnership between the two entities.[41]

In April 2025, Global Payments agreed to acquire Worldpay, for $22 billion from GTCR and FIS. As part of this deal, they also agreed to sell their Issuer Solutions business, TSYS, to FIS for $13.5 billion. The transaction was completed in January 2026.[42][43]

FIS (company)

History

Operations

Mergers, acquisitions and divestments

Divestments

Finances

Controversies

External links

References