Fidelity National Information Services Inc. has sold substantially all the assets of its Certegy Check Services Inc. unit to an affiliate of investment management firm Variant Equity Advisors LLC.
The divestiture is part of the financial technology company's efforts to focus on providing software-based solutions to its financial institution, corporate and other clients.
Upon closing of the transaction, Certegy Check Services became an independently operated company.
Certegy Check Services provides check risk management, authorization and loss prevention and credit card processing services to retailers, supermarkets, e-commerce, gaming and check cashing establishments.
Variant Equity Advisors is a U.S.-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organizations.