JACKSONVILLE, Fla., − FIS™ (NYSE: FIS), the world’s largest supplier of banking and payments technology, today announced it has completed the acquisition of LendAmend LLC, the preeminent provider of syndicated loan amendment services. The LendAmend offering complements FIS’s existing suite of syndicated loan products including ACBS Servicing, SyndTrak and LoanTrak.

The acquisition of LendAmend brings to FIS a web-based amendment voting system along with an experienced transaction support team to assist agents, lenders and counsel in electronically managing the cumbersome amendment voting process for syndicated loans. A leader in its market space, LendAmend has processed over 1,300 amendments over the past two years.

“Processing amendments is a natural extension of our existing syndicated loan capabilities, and LendAmend is an especially strong strategic fit with our SyndTrak product” said Richard Levy, President of FIS’s ACBS division. “With this acquisition, FIS has created the leading end-to-end loan market platform for primary syndication book-building, document distribution, agency deal management and amendment voting.”

Tejs Broberg, LendAmend’s President and founder, will join FIS and continue to run the amendment business under FIS’s ACBS division.

“In North America, LendAmend is used by 18 of the top 25 buy-side firms and SyndTrak is used by 16 of the top 25 agent banks” said Broberg. “As part of FIS’s suite of loan products, LendAmend will be better positioned to further streamline amendment processing throughout the loan market.”

For more information about FIS’s commercial lending solutions and its acquisition of LendAmend, please contact:
Paul Hirschorn: 646-453-2835, paul.hirschorn@fisglobal.com
Tejs Broberg: 310-421-4898, tbroberg@lendamend.com