FIS acquires Worldpay in $35 billion deal to create the new global giant in payments
Fidelity National Information Services (FIS), a financial technology company that provides software for payment processing and other services mostly to banks, today said it’s buying Worldpay (WP), which makes technology that underpins credit card and other transactions for e-commerce merchants, for $35 billion cash-and-stock deal. The deal comes two years after U.S. credit card processing company Vantiv merged with Worldpay in a $10.63 billion deal.
The deal would create a global giant in payments and back-office financial services in a bid to reach more customers as transactions move increasingly online. Founded 51 years ago, the Jacksonville, Florida-based FIS provides payment processing and banking software, services and outsourcing of the associated technology. FIS has over 20,000 clients in more than 130 countries and employs 52,000 people worldwide. FIS was ranked the #1 Financial Technology company on the FinTech100 in 2013 and 2014.
Worldpay Group plc (formerly RBS WorldPay) was a payment processing company. It was listed on the London Stock Exchange until 16 January 2018 when it was acquired by Vantiv to form Worldpay, Inc.