Fiserv Hits Milestone Anniversary

Posted by Orb Staff on August 03, 2009 No Comments
Categories : Residential Mortgage

ield, Wis.-headquartered [link=http://investors.fiserv.com/releasedetail.cfm?ReleaseID=400235][u]Fiserv Inc.[/u][/link] recently marked its 25th year in business. The company was formed July 31, 1984, as the result of a merger between Tampa, Fla.-based Sunshine State Systems Inc. and Milwaukee-based First Data Processing. The regional data processors combined to serve small banks and thrifts, growing from a $21 million business with 350 employees in 1984 to a $4.7 billion Fortune 500 company with 20,000 employees in 2009. "We had a great idea – to focus on data processing for banks and build from our foundation of regional operations to create a nationwide enterprise," comments George Dalton, Fiserv co-founder and a former CEO. Fiserv went public in 1986, trading on the NASDAQ under the symbol "FISV," and five years later, the company entered the commercial bank, international and credit union core account processing markets for the first time, doubling its client base with the acquisition of Citicorp Information Resources. Today, Fiserv sells its solutions in more than 40 countries. SOURCE:[link=http://www.fiserv.com] Fiserv

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