Fiserv Buys Open Solutions For $55M

Posted by Orb Staff on January 15, 2013 No Comments
Categories : Residential Mortgage

13097_dollar_circle Fiserv Buys Open Solutions For $55M Brookfield, Wis.-based Fiserv Inc. has paid $55 million to acquire Open Solutions Inc., a Glastonbury, Conn.-based provider of collaborative, enterprise core account processing technology for financial institutions.

According to Fiserv, the acquisition will enable it to add several new technologies to its offerings, including Open Solutions' DNA, CUinfy and TotalPlus account processing platforms.

‘Open Solutions provides several growth opportunities, including a real-time account processing capability that serves multiple charter types, languages and currencies on a single platform,’ says Jeffery Yabuki, president and CEO of Fiserv. ‘Open Solutions' strong team of associates is intently focused on client success and committed to collaborative technology, which will enhance the value we provide to our clients.’

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