Why is Certegy merging with Fidelity National Information Services?
A- Even though Fidelity National Information Services,Inc. (FIS) is a division of FNF, it is a major company in its own right, with approximately $3 billion in revenue. It is 3 times the size of Certegy, which currently has slightly over $1 billion in revenue. By merging with a company of this size, Certegy will be in a great position to grow and offer our customers a wider variety of services. The two groups have complementary businesses and there are significant opportunities to cross-sell services to both customer bases. This combination creates one of the largest financial institution technology processing and services companies in the world.
