Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers
of payment solutions, announced today that it has entered into a
definitive agreement to purchase gaming assets from Certegy Check
Services, Inc., a subsidiary of Fidelity National Information Services
FIS™, related to its business for licensed gaming operators. This
acquisition will be highly complementary to Global Payments’ gaming
business and will expand its existing suite of innovative products and
solutions.
“We are delighted to have entered into this strategic agreement with FIS
to significantly expand our direct distribution in the United States
gaming vertical,” said Global Payments’ President and Chief Operating
Officer, David E. Mangum. “This acquisition and partnership allows us to
cross sell our full suite of products to these acquired customers and
enhance our value proposition, while leveraging FIS’ industry-leading
scale and capabilities in risk management.”
Anthony Jabbour, EVP, North America, FIS said, “We are confident this
move will also align our gaming clients with a top-tier partner that
will continue to meet their payments needs.”
The FIS business includes 260 marquee gaming client locations and
provides a comprehensive suite of services that are designed for the
gaming industry. This transaction is subject to regulatory approvals and
contractual closing conditions and is expected to close during the
fourth quarter of Global Payments’ 2015 fiscal year. The company intends
to fund the acquisition through operating cash flows and it is not
expected to have a material impact on the company’s fiscal 2015 results
or capital plans.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of payment
services for merchants, value added resellers, financial institutions,
government agencies, multi-national corporations and independent sales
organizations located throughout North America, Brazil, Europe and the
Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a
comprehensive line of solutions and services for credit and debit cards,
business-to-business purchasing cards, gift cards, electronic check
conversion and check guarantee, verification and recovery including
electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com
for more information about the company and its services.
About
FIS
FIS is the world’s largest provider of banking and payments technology
solutions and a global leader in consulting and outsourcing solutions.
With a long history deeply rooted in the financial services sector, FIS
serves more than 14,000 institutions in over 110 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 39,000 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 426 on the Fortune
500 and is a member of Standard & Poor’s 500® Index. For
more information about FIS, visit www.fisglobal.com.
This press release may contain statements, estimates or projections
that constitute “forward-looking statements” pursuant to the safe harbor
provisions of the U.S. federal securities laws. Generally, the words
“believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,”
“will” and similar expressions identify forward-looking statements,
which generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause actual
results to differ materially from Global Payments’ and FIS’s historical
experience and each company’s present expectations or projections. These
risks include, but are not limited to, the satisfaction of the
conditions precedent to the consummation of the transaction, changes in
general economic, business and political conditions, changes in the
growth rates of the markets for our solutions, and other risks detailed
in each company’s filings with the Securities and Exchange Commission
(SEC), including the “Risk Factors” section of each company’s most
recent Annual Report on Form 10-K and subsequent SEC filings. You should
not place undue reliance on forward-looking statements, which speak only
as of the date they are made. Neither FIS nor Global Payments undertakes
any obligation to publicly update or revise any forward-looking
statements.
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