M&A Deal Summary

Fiserv Acquires Del Mar DataTrac

On April 1, 2005, Fiserv acquired software company Del Mar DataTrac from TVC Capital for 24M USD

Acquisition Highlights
  • This is Fiserv’s 1st transaction in the Software sector.
  • This is Fiserv’s 11th largest (disclosed) transaction.
  • This is Fiserv’s 5th transaction in the United States.
  • This is Fiserv’s 2nd transaction in California.
Investment Fate
  • Del Mar DataTrac was divested to a strategic buyer in 2011 for 25M USD.
  • Del Mar DataTrac was divested to a strategic buyer in 2011 for 25M USD.

M&A Deal Summary

Date 2005-04-01
Target Del Mar DataTrac
Sector Software
Buyer(s) Fiserv
Sellers(s) TVC Capital
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Del Mar DataTrac

San Diego, California, United States
DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal, and a management dashboard – all in a paperless environment. The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency.

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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 5 of 42
Sector (Software) 1 of 9
Type (Add-on Acquisition) 5 of 36
State (California) 2 of 6
Country (United States) 5 of 37
Year (2005) 2 of 7
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Del Mar Database

San Diego, California, United States

Del Mar Database was a provider of automation systems for small to mid-sized residential mortgage lenders, as part of its strategy to provide end-to-end solutions to the mortgage industry. Del Mar Database was formed in 1991 and was based in San Diego, California.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

TVC Capital

San Diego, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 14
Sector (Software) 1 of 8
Type (Add-on Acquisition) 1 of 11
State (California) 1 of 7
Country (United States) 1 of 14
Year (2005) 1 of 2
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Digital Map Products

Irvine, California, United States

Digital Map Products, Inc. is a provider of cloud-based location technology and content solutions that bring the power of spatial technology to mainstream business, government and consumer users. SpatialStream, the company’s spatial development platform enables API access to mapping technology and location data sets. Its SmartParcels nationwide parcel and property data sets provide unparalleled location context, accuracy and interactivity. The company’s SaaS products include LandVision for real estate and GovClarity for local government.

Buy $36M