CEY Certegy

JACKSONVILLE, Fla. and ST. PETERSBURG, Fla., Feb. 1 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc., (NYSE:FNF) and Certegy Inc. (NYSE:CEY) today announced the closing of the previously announced Merger Agreement between Fidelity National Information Services, Inc., a majority-owned subsidiary of Fidelity National Financial, Inc., and Certegy Inc. ("Certegy"). Under the terms of the Merger Agreement, FIS and Certegy were combined in a tax-free, stock-for-stock merger under which each share of FIS common stock was exchanged for 0.6396 shares of Certegy common stock. After the issuance of Certegy stock to FIS shareholders, current Certegy shareholders own approximately 32% and FIS shareholders own approximately 68% of the combined entity, with FNF directly owning approximately 51%. The name of the combined company is Fidelity National Information Services, Inc. and it will have its shares of common stock trade on the New York Stock Exchange under the trading symbol 'FIS' beginning today, February 1, 2006. "FIS is now one of the largest financial institution technology processing and services companies in the world," said FNF Chairman and Chief Executive Officer and FIS Chairman William P. Foley, II. "FIS is uniquely positioned to offer a broad suite of data processing, payment and risk management services to financial institutions and retailers and we are very excited about the potential to increase both the depth and breadth of the relationships we will have with our current and future customers." Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions and over 100,000 retailers in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/ . FIS is a majority-owned subsidiary of Fidelity National Financial Inc. (NYSE:FNF), number 261 on the Fortune 500 and a provider of outsourced products and services to a variety of industries. More information about FNF can be found at http://www.fnf.com/ . This press release contains statements related to future events and expectations and as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of FIS to be different from those expressed or implied above. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition, the risk that the merger may fail to achieve beneficial synergies or that it may take longer than expected to do so, the risk of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries, potential overdependence on a limited number of customers due to consolidation in the banking, retail and financial services industries, failure to adapt to changes in technology or in the marketplace and other risks detailed in Certegy's definitive proxy statement filed with the Securities and Exchange Commission. First Call Analyst: FCMN Contact: JFleetwood@fnf.com DATASOURCE: Fidelity National Financial, Inc.; Certegy Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or ; or Mary K. Waggoner, Senior Vice President - Investor Relations, Fidelity National Information Services, Inc., +1-904-854-3282, for Certegy Inc. Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/

Copyright