Jacksonville To Get New Fortune 1000 Company

[RiversideGator]

Here is some good news: The Fidelity National Financial spin off, Fidelity Information Systems, will merge with St. Pete, FL based Certegy (a Fortune 1000) company. The new combined company will be based in Jacksonville (presumably downtown along Riverside Ave). Is another Fortune 500 company (created by this merger and subsequent growth) in Jacksonville far away?

See http://jacksonville.bizjournals.com/jackso...tml?jst=b_ln_hl

[bobliocatt]

According to the article, after the merger is complete, Fidelity Information Systems will bring in around $4 billion annually, in revenue. This would put this company on the same level as Adolph Coors Co, which was no. 430, with $ billion on last years list. If this true, then when the next list comes out, Jax will officially have 4 Fortune 500 companies (if Winn-Dixie is still around). Hopefully, this will lead to the complete build out at the Fidelity site, as well.

[Viper]

Excellent news.

I also expect the campus to fill in a little more now.

[vicupstate]

Excellent news.

I also expect the campus to fill in a little more now.

<{POST_SNAPBACK}>

Given the current state of the construction of the 8 story building that is going up now, how feasible would it be to add additional floors? I wish they would, with the "lodge" and the future parking garages going up, there really isn't that much room on the campus left.

[Urban_Legend]

Great news for Jax. Let's hope that they can get some more reputable companies to move to Jacksonville, preferrably downtown. You know, as much as I (we) complain about the Fidelity campus, we can at least be thankful that it's in Riverside, not JTB...

[RiversideGator]

Good point Urban Legend. They could have just moved out to the Southside but Fidelity has shown a commitment to downtown/Riverside.

[wolfdawg54]

That is great news. Quite possibly, they may build a tower on the northside of the river. It could happen, but its not likely.

[scongro]

The current building under construction can handle more floors, however there are currently no plans to expand.

While the FIS merger is good news, it probably won't add jobs (At least not short term) to Jacksonville.

But good news, nonetheless

[frag24]

sounds good.

Is Merrill Lynch a big company in JAX?

[bobliocatt]

^Yes, Merrill Lynch employs about 2,000 workers at its 600,000sf Operations Center office complex in Southside's Deerwood Park.

[frag24]

^Yes, Merrill Lynch employs about 2,000 workers at its 600,000sf Operations Center office complex in Southside's Deerwood Park.

<{POST_SNAPBACK}>

what are top companies in JAX? are they situated in the city?

[scongro]

^Yes and No

it depends on how you look at it. The larger companies are generally in the suburbs, however these jobs are generally call-center type jobs. Personally, I work for a smaller company, and I prefer it much more than the large companies.

With that said, BCBS, Fidelity, Bank of America, Bellsouth and Prudential are all large employers in Jacksonville, with significant downtown presence.

[wolfdawg54]

What about Wachovia? They seem to have a growing presense in downtown.

[Captain Obvious]

Wachovia is actually slowly moving out of downtown and into the suburbs. For example, they recently cleared out of the Ed Ball building, sold it to the city, and moved the employees to office parks on the southside.

[RiversideGator]

I loathe Wachovia. They bought out my old bank, which was a good size yet responsive to customers and not out to rip them off, and they are just very difficult to deal with.

[Urban_Legend]

^I'm terribly sorry...

[bobliocatt]

Although Fidelity's two new spin-off companies are both large enough to make the Fortune 500 list, they aren't allowed because Fidelity owns over 50% of each company.

http://www.jacksonville.com/tu-online/stor..._19856573.shtml

No more 500s

Although all three Fidelity companies will be large enough to make the Fortune 500 list on their own, Fidelity's restructuring into three public companies will not add more Jacksonville companies to the magazine's list. Since Fidelity National Financial will own more than 50 percent of both Fidelity National Title Group and Fidelity National Information Services, on Fidelity National Financial is eligible for the Fortune 500 list.