Announces New Philippines Delivery Site and Appoints Ram Chary as EVP
Demonstrating its focus and continued commitment to the Indian market, FIS today announced the expansion of its India-based ITO and BPO capabilities and the appointment of Ram Chary as executive vice president of FIS’ Global Commercial Services division. FIS is one of the world’s largest providers of banking and payments technology, with operations in India since July 1999.
To further enhance its delivery capabilities, FIS anticipates opening a new Delivery Center in the Philippines in early 2010. FIS’ recent merger with Metavante Corporation and its expansion into the Philippines makes it well-positioned to provide an enhanced portfolio of products and services – opening the market for its existing client base. Additionally, clients will now have access to global delivery capabilities, such as multi-shore and offshore services to stay competitive in their marketplace. To support FIS’ growth objectives, the company anticipates augmenting its workforce across a number of locations and functions in India by at least 20 percent.
In Chary’s new role, he will lead the business functions for Global Commercial Services that are important to FIS’ future growth and profitability related to global contact center operations, offshore resources, technology opportunities, global supply chain operations and commercial technology services. The advancement of Chary to this key role is a strategic move by FIS to consolidate and reinforce its position in the growing Indian market, where it currently employs more than 4,000 full time employees across five different regions.
Congratulating Chary on his new role, FIS chief operating officer, Gary Norcross said, “During his tenure, Ram has made valuable contributions to the growth of FIS. His proven track record of rationalizing investments and reducing costs will help FIS build upon its momentum in attaining a greater presence in this essential region.”
FIS has a strong foothold in India, with more than 40 banks deploying its banking or payments solutions.
About FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in more than 90 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor’s (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs approximately 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see 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.
For More Information:
Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Corporate Communications
marcia.danzeisen {at} fnis(.)com
Mary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
mary.waggoner {at} fnis(.)com