FIS provides transaction and processing services to financial institutions to help them monitor and maintain everyday activities. In addition, FIS also offers risk management and fraud detection software to financial institutions, credit unions, and mortgage providers. In April 2009 FIS announced that it would be acquiring rival Metavante. Though the acquisition has been stalled due to stockholder lawsuits on both companies, FIS expects the acquisition to ultimately be beneficial to the company, allowing it to cross sell services and applications to Metavante's former clients. ^[1] FIS currently serves 40 out of 50 of the nation's top banks and over 17,000 other clients over 40 countries.^[2]

FIS has had a compound annual growth rate of 37% in revenues between 2004 and 2008.^[3] This growth lead FIS to post consolidated revenue of $3.4 B in the 2008 fiscal year, an 18% increase from the last fiscal year. This record revenue can be attributed to growth in each of its three business segments: payment solutions, financial solutions, and international. Revenue grew by 15% in its Financial Solutions segment, 18% in its Payment Solutions segment, and 23% in its International segment ^[4]

(Read more at Wikinvest )