JACKSONVILLE, Fla., Feb. 27 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. today announced that it has expanded its offshore presence in India through the acquisition of Second Foundation, Inc., a leading provider of offshore global information technology services. As a result of the acquisition, FIS' wholly-owned subsidiary, Fidelity Business Solutions India Private Limited now operates in Bangalore and Chandigarh, India.

Second Foundation has extensive experience in a multitude of areas, including outsourced product development, quality assurance and business intelligence services as well as implementation services of third-party software applications. The Second Foundation team will continue to support Second Foundation's existing clients and augment current global delivery capabilities.

Since 2003, FIS has offered the cost and productivity advantages of a global delivery model to its clients, including software application development and maintenance, as well as business process outsourcing services through more than 2,000 India -- and Philippines -- based staff contracted through strategic partners. As a result of the acquisition, FIS has expanded its captive offshore global delivery staff by more than 600 personnel and broadened its service offerings, with plans for future growth both in personnel and services.

"Having a wholly-owned India-based global delivery capability strengthens FIS' current ability to provide competitive, cost effective and innovative services and solutions to its customers," said Shahid Charania, president of Fidelity Business Solutions India. "FIS plans to continue to invest in the development of offshore capabilities to broaden its global service offerings and to reduce internal operating costs."

"The Second Foundation senior management team is very excited at being part of this new entity," said Raman Kapur, managing partner and chief technology officer of Second Foundation. "The acquisition allows us to better utilize and expand our software development and professional services capabilities in India on a global level, thereby creating a win-win situation for our combined customer base."

In addition to Fidelity Business Solutions India, FIS will continue its relationship with Covansys Corporation, a global information technology services company. FIS currently contracts with approximately 575 full-time Covansys resources dedicated primarily to FIS' internal software application management and development initiatives. "Having a wholly owned, offshore global delivery company complements our existing relationship with Covansys by providing both a captive and outsource alternatives," said Charania.

About Fidelity National Information Services

Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://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.

CONTACT: Mary Waggoner, Senior Vice president of Investor Relations,
+1-904-854-3282, mary.waggoner@fnf.com; or Michelle Kersch, Senior Vice
President of Corporate Communications, +1-904-854-5043,
michelle.kersch@fnf.com, both of Fidelity National Information Services

Web site: http://www.fidelityinfoservices.com/