M&A Deal Summary

Fiserv Acquires CheckFree

On December 4, 2007, Fiserv acquired information technology company CheckFree for 4.4B USD

Acquisition Highlights
  • This is Fiserv’s 2nd transaction in the Information Technology sector.
  • This is Fiserv’s 2nd largest (disclosed) transaction.
  • This is Fiserv’s 19th transaction in the United States.
  • This is Fiserv’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2007-12-04
Target CheckFree
Sector Information Technology
Buyer(s) Fiserv
Deal Type Add-on Acquisition
Deal Value 4.4B USD
Advisor(s) Goldman Sachs (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

CheckFree

Norcross, Georgia, United States
CheckFree Corp. is a provider of financial electronic commerce services and products, including electronic bill payment and internet banking.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 20 of 42
Sector (Information Technology) 2 of 10
Type (Add-on Acquisition) 20 of 36
State (Georgia) 2 of 4
Country (United States) 19 of 37
Year (2007) 4 of 4
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 Fiserv s Health Business

United States

Fiserv's Health Businesses consist of Fiserv Health Plan Administration, a Third Party Administrator (TPA) of self-funded health plans; Fiserv Health Plan Management, an outsourcing service for mid-sized health plans and health care payer organizations; Innoviant, a prescription benefits administrator; Innoviant Pharmacy, a prescription mail-order service; Avidyn Health, a care management company; and four other components of Fiserv Health's ancillary businesses.

Sell $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 CareGain

Plainsboro, New Jersey, United States

CareGain enables health plans to flexibly, rapidly and cost-effectively create and administer consumer-directed health plans, while leveraging their own internal systems and infrastructure. The company's platform enables sophisticated plan designs through the use of multiple account structures.

Sell -
Mergr

Product

Company

Legal