Fiserv Acquires Open Solutions for $55,000,000

  • Feed Type
  • Date
    1/15/2013
  • Company Name
    Open Solutions
  • Mailing Address
    455 Winding Brook Drive Glastonbury, CT 06033
  • Company Description
    Open Solutions Inc. was founded by professionals with in-depth experience in financial services, enterprise data management, system design and Web-based technologies.
  • Website
    http://www.opensolutions.com
  • Transaction Type
    M&A
  • Transaction Amount
    $55,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, Fiserv will benefit from an acquired tax asset with a net present value at the time of purchase of approximately $165 million.

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