Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) will have pro forma 2008 revenues of $5.2 billion and EBITDA exceeding $1.3 billion following its acquisition of Milwaukee-based Metavante Corp. for approximately $4.4 billion. In Standard&Poor's Ratings Services' view, the merged company will possess an investment-grade business risk profile, although we do not believe it will initially have the financial profile of an investment-grade company. We expect pro forma total debt to EBITDA to initially be above 3x (excluding $260 million of potential synergies). FIS is a leading provider of core financial institution processing, card issuer, and transaction processing and outsourcing services. Its recent acquisition of eFunds gave FIS greater scale, extended its presence in the U.S. and international
