Fidelity National Information Services' Spin off to be Named Lender Processing Services, Inc. Announces Executive Management Team



    JACKSONVILLE, Fla., Feb. 13 /PRNewswire-FirstCall/ -- Fidelity National
 Information Services, Inc. (NYSE:   FIS) today announced that its Lender
 Processing division, which the company plans to spin off in mid-2008, will
 be named Lender Processing Services, Inc. (LPS). Jeff Carbiener, currently
 Executive Vice President and Chief Financial Officer of FIS, will be
 President and Chief Executive Officer of LPS.
 
     "Jeff has strong financial and operational experience and has been an
 integral part of the company since the Certegy acquisition in 2006," said
 William P. Foley II, Executive Chairman of FIS. "The LPS management team,
 under Jeff's leadership, has the experience and expertise to support the
 current and future success of LPS."
 
     After the spin off, the following LPS executives will report to
 Carbiener: Dan Scheuble, Executive Vice President of the Mortgage
 Processing Services division; Eric Swenson, Executive Vice President of the
 Mortgage Information Services division; Fred Parvey, Executive Vice
 President and Chief Information Officer; and Francis Chan, Executive Vice
 President and Chief Financial Officer. Chan is currently Senior Vice
 President and Chief Accounting Officer of FIS. Parag Bhansali recently
 joined FIS and will serve as Senior Vice President of Investor Relations
 for LPS. Prior to joining FIS, Bhansali served as Vice President of Finance
 at Rayonier Inc. and Vice President of Corporate Development and Strategy
 at Covance Inc.
 
     Lee Kennedy will continue to serve as President and Chief Executive
 Officer of FIS. As previously announced, reporting to Kennedy are Gary
 Norcross, Executive Vice President and Chief Operating Officer, and Frank
 Sanchez, President of Strategic Development. Norcross will be responsible
 for all global banking business, including Integrated Financial Solutions,
 Enterprise Banking and International. Sanchez will be responsible for all
 strategic development initiatives worldwide.
 
     George Scanlon recently joined FIS as Executive Vice President of
 Finance. After the spin off is complete, Scanlon will assume the role of
 Chief Financial Officer. Scanlon most recently served as Chief Financial
 Officer for BFC Financial Corporation and has significant expertise in
 finance and accounting. Scanlon also served as Chief Financial Officer for
 Levitt Corporation and Datacore Software Corporation, and as Controller for
 Ryder System. Mary Waggoner will continue to serve as Senior Vice President
 of Investor Relations for FIS.
 
     About Fidelity National Information Services
 
     Fidelity National Information Services, Inc. (NYSE:   FIS) 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. FIS is a member of
 Standard and Poor's (S&P) 500(R) Index and has been ranked the number one
 overall financial technology provider in the world by American Banker and
 the research firm Financial Insight in the annual FinTech 100 rankings.
 Headquartered in Jacksonville, Fla., FIS maintains a strong global
 presence, serving more than 9,000 financial institutions in more than 80
 countries worldwide. For more information on Fidelity National Information
 Services, please visit 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: risks associated with the proposed spin-off of the
 Lender Processing Services (LPS) segment by FIS, including the ability of
 FIS to contribute certain LPS assets and liabilities to the entity to be
 spun off, the ability of LPS to obtain debt on acceptable terms and
 exchange that debt with certain holders of the FIS debt, obtaining
 government approvals, obtaining FIS Board of Directors approval, market
 conditions for the spin-off, and the risk that the spin-off will not be
 beneficial once accomplished, including as a result of unexpected dis-
 synergies resulting from the separation or unfavorable reaction from
 customers, rating agencies or other constituencies; changes in general
 economic, business and political conditions, including changes in the
 financial markets; the effects of our substantial leverage (both at FIS
 prior to the spin-off and at the separate companies after the spin-off),
 which may limit the funds available to make acquisitions and invest in our
 business; the risks of reduction in revenue from the elimination of
 existing and potential customers due to consolidation in the banking,
 retail and financial services industries; failures to adapt our services to
 changes in technology or in the marketplace; adverse changes in the level
 of real estate activity, which would adversely affect certain of our
 businesses; our potential inability to find suitable acquisition candidates
 or difficulties in integrating acquisitions; significant competition that
 our operating subsidiaries face; the possibility that our acquisition of
 EFD/eFunds may not be accretive to our earnings due to undisclosed
 liabilities, management or integration issues, loss of customers, the
 inability to achieve targeted cost savings, or other factors; 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.
 
 
 

SOURCE Fidelity National Information Services, Inc.

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