FIS Sells Certegy Cheque Processing Unit

FIS has announced it has sold substantially all of the assets of its Certegy Check Services business unit to an affiliate of Variant Equity Advisors, a US-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organisations.

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 31 August, the Certegy Check Services business became an independently operated company. 

 

 

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