Jacksonville, Florida financial technology services company FIS (NYSE: FIS) acquired global payments company Worldpay, Inc.
The amount of the deal was not disclosed.
The combined organization will have over $12 billion in pro forma revenue, with a portfolio of solutions for payments, banking and capital markets.
Several former Worldpay executives will assume key leadership roles at FIS.
Mark Heimbouch, former president and chief operating officer, is joining FIS as president of the company’s Merchant Solutions division.
Stephanie Ferris, former chief financial officer, is joining FIS as its enterprise-wide chief operating officer.
Charles Drucker, former executive chairman and chief executive officer, is joining the FIS board of directors as vice chairman.
Key leaders from Worldpay will also remain with the company.
Led by Chairman, President and CEO Gary Norcross, FIS is a provider of financial software, global business solutions and services for merchants, banks and capital markets employing about 55,000 people worldwide (considering the combined organization).
It is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.