FIS (NYSE:FIS) today announced that it has signed an agreement to sell its ClearPar automated syndicated loan trade settlement business to Markit, a leading global financial information services company. In addition, FIS’ Advanced Commercial Banking Solutions (ACBS) division has entered into a strategic alliance with Markit to jointly promote sales of FIS’ SyndTrak and SyndTrak Online and integrate these solutions with Markit’s loan business data and settlement products. Terms of the sale, which is expected to close by the end of the fourth quarter, were not disclosed.

ClearPar, launched in 2001, is part of FIS’ ACBS division and provides a middle-office platform for trade settlement in the syndicated loan market. The platform supports primary assignments and secondary market trading for U.S. and European credits, including a distress debt settlement service launched earlier this year.

SyndTrak and SyndTrak Online are FIS’ industry leading Customer Relationship Management (CRM) and Deal Site Management products for the syndicated loan market. Deployed by leading loan arrangers in the U.S. and Europe, SyndTrak is a market standard front-office system for loan syndication and trading professionals worldwide. SyndTrak Online extends SyndTrak’s capabilities to the Web and is used by commercial banks, investment banks and non-bank financial services providers to disseminate critical credit documentation to potential investors for new issue and existing lenders for the ongoing servicing of loans during the life of a credit facility.

“This transaction allows FIS to remain focused on delivering its market leading ACBS Loan Servicing System and front-office suite of products in sales, syndication and loan trading while creating a high-velocity alliance that delivers unmatched value to our clients in the syndicated loan space,” said Richard Levy, president of FIS’ ACBS division. “The coordinated effort between these two industry leaders further demonstrates maturity and growth in the loan market. FIS is pleased to team with Markit as both organizations share the common goals of market transparency, reduced risk and improved operational efficiency.”

Mark Murray, executive vice president and global head of Markit WSO, said, “We are excited about the addition of ClearPar to our product portfolio and the enhanced capabilities we will be able to deliver to our customers. We believe that successful integration of key loan processing systems is the most efficient way to make critical infrastructure more easily accessible for market participants. ACBS’ Syndtrak and Syndtrak Online products are well positioned to bring further efficiencies to the market, which makes them an ideal integration partner for Markit.”

About Markit

Markit is a leading, global financial information services company with over 1,300 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial market place.

About FIS

FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in more than 90 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500^® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs approximately 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fidelityinfoservices.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.