Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) had 2009 revenues of $3.8 billion and EBITDA exceeding $1 billion following its acquisition of Milwaukee-based Metavante Corp. for approximately $4.4 billion. In Standard&Poor's Ratings Services' view, the merged company possesses an investment-grade business risk profile, although we do not believe it will initially have the financial profile of an investment-grade company. 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 banking markets, and expanded the distribution channel for its core processing and risk analytic services. The prior combination of FIS with Certegy Inc.
