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Fidelity National to buy SunGard for $9.1 billion

Fidelity National Information Services Inc., a financial industry software maker, announced it would acquire SunGard Data Systems Inc for $9.1 billion including debt. Fidelity National is paying 45% in cash and 55% in stock for SunGard.

Silver Lake Partners, TPG Capital, Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, KKR & Co and Providence Equity Partners Inc. purchased SunGard for $11.4 billion in 2005.

As of June 30, SunGard had a debt of $4.67 billion it also filed for an IPO in June.

The newly combined firm, will cater to customers in the banking, insurance and asset management industries, and will have annual revenue of $9.2 billion.