Fiserv Acquires Open Solutions for $55,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed5288ad-bc12-4e6e-9754-7130d9062c9e&Preview=1 -
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
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Proceeds Purposes
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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.
