Fidelity National Financial, Inc. Announces Acquisition of Advanced Total Imaging, Inc.
February 05 2007 - 4:55PM
PR Newswire (US)
JACKSONVILLE, Fla., Feb. 5 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a leading provider of title
insurance, specialty insurance and claims management services,
today announced the acquisition of Advanced Total Imaging, Inc.
("ATI"), a document management company. ATI offers software
applications, custom designed workflow solutions and project
management expertise as well as document conversion services. "FNF
has been a customer of ATI for some time," said Chairman and Chief
Executive Officer William P. Foley, II. "We do not have a full
scale in-house document scanning and management solution, but the
acquisition of ATI allows us to develop a focused, in-house
document scanning and management solution and eliminate the expense
of outsourcing that function to an external vendor." Fidelity
National Financial, Inc. (NYSE:FNF), is a leading provider of title
insurance, specialty insurance and claims management services. FNF
is one of the nation's largest title insurance companies through
its title insurance underwriters -- Fidelity National Title,
Chicago Title, Ticor Title, Security Union Title and Alamo Title --
that issue approximately 29 percent of all title insurance policies
in the United States. FNF also provides flood insurance, personal
lines insurance and home warranty insurance through its specialty
insurance business. FNF also is a leading provider of outsourced
claims management services to large corporate and public sector
entities through its minority-owned subsidiary, Sedgwick CMS. 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, including changes in the
financial markets; adverse changes in the level of real estate
activity, which may be caused by, among other things, high or
increasing interest rates, a limited supply of mortgage funding or
a weak U. S. economy; our potential inability to find suitable
acquisition candidates, acquisitions in lines of business that will
not necessarily be limited to our traditional areas of focus, or
difficulties in integrating acquisitions; our dependence on
operating subsidiaries as a source of cash flow; significant
competition that our operating subsidiaries face; compliance with
extensive government regulation of our operating subsidiaries; 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 Financial, Inc. CONTACT:
Daniel Kennedy Murphy, Senior Vice President, Finance and Investor
Relations of Fidelity National Financial, Inc., +1-904-854-8120, or
Web site: http://www.fnf.com/
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