ING Netherlands Selects Outsourcing Application Management Solution from Fidelity National Information Services
June 13 2006 - 8:30AM
PR Newswire (US)
JACKSONVILLE, Fla., June 13 /PRNewswire-FirstCall/ -- Fidelity
National Information Services, Inc. (NYSE:FIS) today announced a
multi-year outsourcing agreement to provide application support and
development services for ING Netherlands' savings products. The new
agreement expands an existing relationship as ING Netherlands will
now utilize resources that will be distributed across two Fidelity
National Information Services support center locations --
Amsterdam, Netherlands and Bangalore, India. Led by a dedicated
team of product and development managers, the newly contracted
offshore services in India will be provided through Covansys,
Fidelity National Information Services' primary offshore resource
partner. Covansys, which is partially owned by Fidelity National
Information Services, is a US-based company, with more than 15
years' experience in application management and development
offshoring activities. "Our existing relationship with ING
Netherlands provides us with insight into their business goals and
a keen understanding of the dynamic Dutch banking market, thereby
enabling us to provide the product functionality, operational
requirements and rapid response essential to continually meet the
bank's needs," said Michael Sanchez, chairman of Fidelity National
Information Services' International division. "We look forward to
continuing to play a key role in the bank's technology plans for
the future." "Fidelity National Information Services has over 35
years' experience in outsourcing, which allows us to draw on a
wealth of resources and expertise. This agreement further
demonstrates the growth potential of our outsourcing capabilities
in the Europe, Middle East, Africa (EMEA) region and across the
international marketplace," added Sanchez. "Our relationship with
Covansys provides our clients with a unique opportunity to take
advantage of lower costs inherent with the utilization of offshore
resources, while relying on Fidelity National Information Services
as a single point of contact for a truly customized approach."
About ING Group ING is a global financial institution of Dutch
origin with 150 years of experience offering banking, insurance and
asset management to over 60 million private, corporate and
institutional clients in more than 50 countries. With a diverse
workforce of about 115,000 people, ING comprises a broad spectrum
of prominent companies that increasingly serve their clients under
the ING brand. Based on market capitalisation, ING is one of the 20
largest financial institutions worldwide and ranked in the top-10
in Europe. About Fidelity National Information Services, Inc.
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 ten. Nearly 50 percent of all U.S.
residential mortgages are processed using FIS software.
Headquartered in Jacksonville, Florida, FIS maintains a strong
global presence, serving over 7,800 financial institutions in more
than 60 countries worldwide. For more information on Fidelity
National Information Services, please visit
http://www.fidelityinfoservices.com/ . FIS is a majority-owned
subsidiary of Fidelity National Financial Inc. (NYSE:FNF), number
248 on the Fortune 500 and a provider of outsourced products and
services to a variety of industries. More information about FNF can
be found at http://www.fnf.com/ . 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. DATASOURCE: Fidelity National Information Services
CONTACT: Michelle Kersch, Senior Vice President, Corporate
Communications, +1-904-854-5043, or , or Mary Waggoner, Senior Vice
President, Investor Relations, +1-904-854-3282, or , both of
Fidelity National Information Services Web site:
http://www.fidelityinfoservices.com/ http://www.fnf.com/
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