FIS offloads Certegy cheque unit

FIS has sold all of the assets of its Certegy Check Services business unit to an affiliate of Variant Equity Advisors a U.S.-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organizations.

The divestiture is consistent with FIS’ strategic focus on providing software-based solutions to its financial institution, corporate and other clients.

With the closing of this transaction, the Certegy Check Services business became an independently operated company.

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