M&A Deal Summary

Fiserv Acquires Administrative Services Group

On July 6, 2005, Fiserv acquired business services company Administrative Services Group

Acquisition Highlights
  • This is Fiserv’s 4th transaction in the Business Services sector.
  • This is Fiserv’s 7th transaction in the United States.
  • This is Fiserv’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2005-07-06
Target Administrative Services Group
Sector Business Services
Buyer(s) Fiserv
Deal Type Add-on Acquisition

Target

Administrative Services Group

Lexington, Kentucky, United States
Administrative Services Group, Inc. is an employee benefits plan administrator.

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Buyer(S) 1

Buyer

Fiserv

Brookfield, Wisconsin, United States
Category Company
Founded 1984
Sector Information Technology
Employees42,000
Revenue 19.1B USD (2023)
DESCRIPTION
Fiserv's corporate headquarters in Brookfield, Wisconsin.
Fiserv's corporate headquarters in Brookfield, Wisconsin.

Fiserv is a provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for clients. Clients include banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage, and investment firms. Fiserv was founded in 1984 and is based in Brookfield, Wisconsin.

DEAL STATS #
Overall 7 of 42
Sector (Business Services) 4 of 6
Type (Add-on Acquisition) 7 of 36
State (Kentucky) 1 of 1
Country (United States) 7 of 37
Year (2005) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-13 Interactive Technologies

Summit, New Jersey, United States

Interactive Technologies, Inc. is a developer of fee management and billing software for large and mid-sized financial services organizations. Interactive Technologies, Inc. develops software that enables large international and domestic banks, investment management companies, depositories, exchanges and other high-end providers of financial services to better manage the complex, customized fee arrangements that are now part of the financial services arena.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 BillMatrix

Dallas, Texas, United States

BillMatrix Corp. is a provider of outsourced electronic bill payment services. BillMatrix provides comprehensive electronic bill payment solutions and services over the telephone and internet. It provides a business-to-business service, which allows businesses to offer consumers of their products and services the ability to securely and efficiently pay recurring bills, such as monthly cellular, utility, and insurance bills.

Buy $355M
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