Fidelity National Information Services Inc. is planning to sell its Certegy Australia Ltd., a provider of retail lending services for consumers.
The Jacksonville, Fla., banking technology vendor said Monday that Flexigroup Ltd., an Australian provider of point of sale systems, would pay $30 million in cash for Certegy Australia.
Fidelity said the deal was part of an ongoing effort to shed noncore operations to focus on transaction processing and banking technology.
In April its sold its Certegy Gaming Services Inc. to Global Cash Access Holdings Inc. This month Fidelity spun off its mortgage servicing unit, Lender Processing Services Inc.
Lee Kennedy, Fidelity's president and chief executive, said in a press release that the Certegy Australia deal would "drive higher revenue growth, profitability, and free cash flow over time."
The deal is expected to close in the fourth quarter.
