Fidelity National Financial, Inc. Announces the Closing of the Aurum Technology, Inc. Acquisition

March 12, 2004

Jacksonville, Fla. -- Fidelity National Financial, Inc. (NYSE:FNF) announced the closing of the acquisition of Aurum Technology, Inc. ("Aurum").

With more than 1,100 customers and $193 million in 2003 revenue, Aurum is a leading provider of outsourced and in-house information technology solutions for the community bank and credit union markets. The company's primary offerings include core processing, check imaging, ATM/EFT processing, branch automation, business intelligence and network services solutions. With the acquisition, FNF emerges as the only provider of industry leading core processing applications for every segment of the financial services market, including de novo banks, credit unions, community banks, regional banks as well as the largest national and global financial institutions.

"Aurum is a perfect strategic fit for FNF and represents another significant step in the growth of our financial institution processing and outsourcing businesses," said Chairman and Chief Executive Officer William P. Foley, II. "Aurum more than doubles our existing community bank customer base and its 600 credit union customers make FNF one of the largest providers of technology-based business solutions to this key market segment. Additionally, the significant item processing customer base also allows FNF to better capitalize on the implementation of Check 21 legislation."

Source: Fidelity National Financial, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.