Fidelity National Information Services, a provider of banking and payments technology solutions, has signed an agreement to acquire financial software company SunGard.

Under the terms of the agreement, FIS will acquire 100% of the equity of SunGard. FIS will issue a combination of cash and stock valuing the company at an unaffected enterprise value of $9.1 billion, including the assumption of SunGard debt, which FIS expects to refinance. According to FIS, the combined company will have over $9.2 billion in revenues, 55,000 employees, while serving clients in more than 100 countries worldwide.

“This is a significant milestone for FIS,” said Gary Norcross, president and CEO of FIS. “By bringing together two innovative companies with common business models, similar cultures, strong leadership and complementary solutions, we are enhancing our ability to empower our clients and deepen client relationships through an expanded full-service offering. Our focus has always been on championing the needs of our clients and we are excited about the opportunities this combination provides to further deliver on that commitment.”

SunGard is based in Wayne, PA and is one of the world’s leading financial software companies, with annual revenue of $2.8 billion. Its software solutions are delivered via hosted or on premise deployments and are surrounded by an extensive suite of service offerings.

“Our focus has always been on delivering more value to our clients and making decisions that achieve our growth and performance objectives,” said Russ Fradin, SunGard president and CEO. “We are proud to become part of one of the financial services industry’s most respected and solidly performing companies. We embrace this transaction and believe it is the best outcome for our employees and the clients we are dedicated to serving.”

The transaction is subject to regulatory approvals and other customary closing conditions. FIS expects the transaction to close during Q4/15.

Bank of America Merrill Lynch and Centerview Partners acted as financial advisors to FIS. Willkie Farr & Gallagher served as FIS’ legal advisors in the transaction. Goldman Sachs, J.P. Morgan Securities, Barclays, Deutsche Bank Securities and Credit Suisse acted as financial advisors to SunGard. Simpson Thacher & Bartlett and Shearman & Sterling served as SunGard’s legal advisors in the transaction.