And then there were four...Fiserv acquires Open Solutions
Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
15 January 2013Daniel Latimore
On January 14 Fiserv announced that it closed the acquisition of the equity of Open Solutions for $55 million. At this size the deal was not subject to regulatory review. The result: there are now only four major U.S. based Core Solutions providers: Fiserv, FIS, Jack Henry and Harland. Fiserv touted three key strategic benefits to the transaction:
- An expanded base of account processing clients,
- The “high quality and innovative technology” of Open Solutions’ DNA platform, and
- The wise use of Fiserv’s capital.
- How much did defense factor into Fiserv’s strategic calculus – that is, did it pursue this acquisition to prevent a foreign entity from purchasing Open Solutions?
- How well will Fiserv be able to integrate DNA into its current Acumen offering, and will it meet its 24-month target?
- Fiserv spent a lot of time discussing the implications for Credit Unions; what should banks currently running on DNA expect to come out of this?
- What will happen with DNA vis a vis Fiserv Premier, Precision and Cleartouch? Might DNA customers be encouraged to move to Premier or Precision? And might Cleartouch users be migrated to DNA?
- What must Jack Henry and Harland be thinking?
Asia-Pacific, EMEA, LATAM, North America