FIS Completes Acquisition of mFoundry

  FIS Completes Acquisition of mFoundry

KeyFacts:

  *Acquisition supports FIS’ strategy to invest in new innovation.
  *Combination creates one of the leading mobile entities in the financial
    services space.

Business Wire

JACKSONVILLE, Fla. -- March 14, 2013

FIS™ (NYSE:FIS), the world’s largest provider of banking and payments
technology, today announced it has completed the acquisition of mFoundry, a
foremost provider of mobile banking and payment solutions for financial
institutions and retailers. The resulting combination creates one of the
leading mobile entities in the financial services space and enables FIS to
leverage its technology assets across a broader client base.

“Delivering industry-best mobile solutions that underpin our clients’ ability
to reach and serve their customers is a key focus area for FIS,” said Gary
Norcross, FIS president and chief operating officer. “The mFoundry acquisition
supports our mobile strategy to make this new era of mobile-driven commerce
possible by providing the strategies and integrated solutions that financial
institutions need to create the personalized mobile experiences their
customers desire.”

About FIS

FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking
and payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 100
countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a
member of Standard & Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.

FIS Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of
the U.S. federal securities laws. Statements that are not historical facts,
including statements about our expectations, hopes, intentions, or strategies
regarding the future, are forward-looking statements. These statements relate
to future events and our future results, and involve a number of risks and
uncertainties. Forward-looking statements are based on management’s beliefs,
as well as assumptions made by, and information currently available to,
management. Any statements that refer to beliefs, expectations, projections or
other characterizations of future events or circumstances and other statements
that are not historical facts are forward-looking statements.

Actual results, performance or achievement could differ materially from those
contained in these forward-looking statements. The risks and uncertainties
that forward-looking statements are subject to include without limitation: the
effect of legislative initiatives or proposals, statutory changes,
governmental or other applicable regulations and/or changes in industry
requirements, including privacy regulations; the risks of reduction in revenue
from the elimination of existing and potential customers due to consolidation
in or new laws or regulations affecting the banking, retail and financial
services industries or due to financial failures or other setbacks suffered by
firms in those industries; failures to adapt our services and products to
changes in technology or in the marketplace; internal or external security
breaches of our systems, including those relating to the theft of personal
information and computer viruses affecting our software; difficulties in
integrating past and future acquired technology or business’ operations,
services, clients and personnel; competitive pressures on product pricing and
services including the ability to attract new, or retain existing, customers;
an operational or natural disaster at one of our major operations centers; and
other risks detailed in “Risk Factors” and other sections of FIS’ Annual
Report on Form 10-K for the fiscal year ended December 31, 2012 and other
filings with the SEC. Other unknown or unpredictable factors also could have a
material adverse effect on our business, financial condition, results of
operations and prospects. Accordingly, readers should not place undue reliance
on these forward-looking statements. These forward-looking statements are
inherently subject to uncertainties, risks and changes in circumstances that
are difficult to predict. Except as required by applicable law or regulation,
we do not undertake (and expressly disclaim) any obligation and do not intend
to publicly update or review any of these forward-looking statements, whether
as a result of new information, future events or otherwise.

Contact:

Kim Snider, +1 904.438.6278
Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
or
Mary Waggoner, +1 904.438.6282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com
 
Press spacebar to pause and continue. Press esc to stop.