Fiserv, Inc. Completes Acquisition of Assets of U.S. eLending Business from Emergis
Fiserv, Inc. Completes Acquisition of Assets of U.S. eLending Business from Emergis
May 20, 2005
Fiserv, Inc. Completes Acquisition of Assets of U.S. eLending Business from EmergisBROOKFIELD, Wis.--May 20, 2005--Fiserv, Inc. (Nasdaq:FISV) said today that it has completed its previously announced acquisition of the assets of the U.S. eLending business from Emergis Inc.
The eLending solution provides mortgage lenders with the tools that enable them to more easily obtain an array of third-party services needed to process, close and fund mortgage loans via the Internet and provides the capability to manage, electronically sign, and store mortgage documents in a secure electronic environment. The U.S. eLending operation is based in McLean, Va.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
Emergis Inc. (TSX:EME), based in Montreal, powers business interactions, developing and managing solutions that automate transactions and the secure exchange of information to the leading health insurance companies, the top financial institutions, government agencies and about 2,400 pharmacies across Canada, and to large enterprises in North America.
The eLending solution provides mortgage lenders with the tools that enable them to more easily obtain an array of third-party services needed to process, close and fund mortgage loans via the Internet and provides the capability to manage, electronically sign, and store mortgage documents in a secure electronic environment. The U.S. eLending operation is based in McLean, Va.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
Emergis Inc. (TSX:EME), based in Montreal, powers business interactions, developing and managing solutions that automate transactions and the secure exchange of information to the leading health insurance companies, the top financial institutions, government agencies and about 2,400 pharmacies across Canada, and to large enterprises in North America.