Fidelity National Information Services, Inc., a leading global provider of technology services, announced that it has completed an assessment of non-strategic businesses that do not meet the company's long-term growth and profit objectives or do not serve the company's primary customer base of financial institutions and mortgage lenders.

In connection with this assessment, disinterested members of FIS' Board of Directors approved the sale of Property Insight to Fidelity National Financial, Inc. (NYSE:FNF) for $95 million in cash. Property Insight manages, maintains and updates title plants that are owned by FNF, and manages title plant construction activities for FNF. It also provides title plant management services for national and regional title companies. The transaction is expected to be completed during the third quarter of 2007, subject to certain regulatory approvals and customary closing conditions. A valuation was obtained from an independent third party, and a fairness opinion will be issued at closing.

The FIS Board of Directors also authorized management to investigate strategic alternatives for its U.S. and Australian Check Services businesses. FIS Check Services is a leading provider of retail point-of-sale check risk management solutions and cash access services to the gaming industry.

"These actions will enable FIS to focus on strategic businesses that meet the company's growth and profitability objectives and generate higher long-term shareholder value," stated Lee A. Kennedy, president and chief executive officer for FIS. "These initiatives are consistent with our goal of being the premier provider of core processing and related services to financial institutions and mortgage lenders."