Fidelity National Information Services Inc., a provider ofbanking and payments technology, agreed to buy software makerSunGard Data Systems Inc. in a deal valued at $9.1 billion,including the assumption of debt.
FIS, as the firm is known, will issue a combination of cash andstock to acquire all of SunGard's equity, Jacksonville,Florida-based FIS said Wednesday in a statement. The combinedcompany will have more than $9.2 billion in annual revenue and55,000 employees, and will operate in more than 100 countries,according to the statement.
“This is a significant milestone for FIS,” Chief ExecutiveOfficer Gary Norcross said in the statement. “We are enhancing ourability to empower our clients and deepen client relationshipsthrough an expanded full-service offering.”
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