FIS Finalizes Metavante Acquisition

Fidelity National Information Services (Jacksonville, Fla.) has officially completed the purchase of Metavante (Milwaukee). Under terms of the merger agreement, FIS acquired all of the outstanding shares of Metavante common stock, with each Metavante shareholder receiving 1.35 shares of FIS common stock for each share of Metavante common stock held.

The combined company will be known as FIS, reflecting a "strong global financial technology brand" and reinforcing FIS' position as a global provider of payments and banking technology, said the company.

"With the completion of this strategic and transformative transaction, FIS has now enhanced its ability to deliver products and services, execute on a client cross-sales business model, and continue to grow globally," said Frank Martire, FIS president and CEO, in a statement. "We will continue to make business and product investments and we will strategically integrate our products, where it makes sense to do so in order to deliver high-value solutions to our clients and prospects."

The new leadership team includes: Gary Norcross, corporate executive vice president and COO; Mike Hayford, Corporate Executive Vice President " CFO; Frank Sanchez, Corporate Executive Vice President " Strategic Solutions; Brent Bickett, Corporate Executive Vice President " Business Development; George Scanlon, Corporate Executive Vice President " Finance; Ron Cook, Corporate Executive Vice President " Chief Legal Officer and Corporate Secretary; Mike Oates, Corporate Executive Vice President " Chief Human Resources Officer; Anthony Jabbour, Executive Vice President " Financial Solutions; Frank D'Angelo, Executive Vice President " Payment Solutions; Jim Susoreny, Executive Vice President " Sales and Client Relations; Mark Davey, Executive Vice President " International; Brian Hurdis, Executive Vice President " Technology Services; Ram Chary, Executive Vice President " Global Commercial Services; Marcia Danzeisen, Senior Vice President " Global Marketing and Communications.