Fiserv Scoops Up Finance Software Firm, $1B Of Debt

Law360, New York (January 14, 2013, 10:07 PM EST) -- Financial services technology provider Fiserv Inc. on Monday inked a deal to acquire account-processing software maker Open Solutions Inc. in a debt-heavy, $1 billion transaction, the buyer announced Monday.

Wisconsin-based Fiserv paid just $55 million for its Connecticut-headquartered peer — a portfolio company of The Carlyle Group LP and Providence Equity Partners — since Fiserv will be absorbing approximately $960 million in Open Solutions debt, according to a statement from the buyer.

"Open Solutions provides several growth opportunities, including a real-time account processing capability that serves...
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