At a Glance
"In solid financial shape" - "cash is abundant"
Treatment of employees needs improvement
About Fidelity National Financial Inc.
Undaunted by disaster
The going gets rough
Despite the company's financial woes, 2007 was a banner year for acquisitions. February saw the acquisition of Advanced Total Imaging, Inc., a document management company. Terms of that deal were not disclosed. Also in February, Fidelity subsidiary, Fidelity National Real Estate Solutions, bought Go Apply, a mortgage lead generator whose customers include 30 mortgage lenders and more than 2,500 mortgage brokers. Then, in March, Fidelity National Real Estate Solutions snapped up Realigent, a California-based company that offers software for real estate professionals. Terms of that deal were also kept quiet.
In August, 2007, ATM Holdings, whose primary subsidiary is a title insurance agency, was acquired by Fidelity. One of the benefits of the acquisition was ATM's relationships with eight of the top 50 mortgage originators in the United States. Finally, in November 2007, Fidelityâ€”along with its partner, Thomas H. Lee Partnersâ€”completed its acquisition of Ceridian Corporation for $5.3 billion, giving Fidelity a 33 percent ownership stake. Ceridian offers a variety of human resources services, including payroll processing, tax filing, benefits administration and other services.
A steady decline
601 Riverside Avenue
Jacksonville, FL 32204
Employer Type: Public
Stock Symbol: FNF
Stock Exchange: NYSE
CEO: Alan L. Stinson
2008 Employees (All Locations): 13,700