M&A Deal Summary

Fiserv Acquires PCLender

On August 1, 2017, Fiserv acquired internet software and services company PCLender from Lender Processing Services

Acquisition Highlights
  • This is Fiserv’s 4th transaction in the Internet Software and Services sector.
  • This is Fiserv’s 29th transaction in the United States.
  • This is Fiserv’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2017-08-01
Target PCLender
Sector Internet Software and Services
Buyer(s) Fiserv
Sellers(s) Lender Processing Services
Deal Type Divestiture

Target

PCLender

Honolulu, Hawaii, United States
PCLender LLC is a provider of enterprise internet-based mortgage software and mortgage lending technology solutions. PCLender offers fully hosted Software-as-a-Service (SaaS) low-maintenance tools and expert services have helped streamline mortgage lending operations from marketing and origination through closing, secondary marketing, warehouse line management, investor delivery, and loan-level reconciliation. PCLender LLC was founded in 1997 and is based in Honolulu, Hawaii.

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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 32 of 42
Sector (Internet Software and Services) 4 of 6
Type (Divestiture) 4 of 5
State (Hawaii) 1 of 1
Country (United States) 29 of 37
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Monitise

London, United Kingdom

Monitise plc is a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions. Monitise FINkit® platform and associated capabilities builds upon over a decade of experience in delivering digital services to banks and financial services partners. Whether it is augmenting legacy systems with minimal impact on those systems, a greenfield project, or strategic digital transformation, FINkit® delivers innovation at speed, safely and securely.

Buy £70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-21 Dovetail Group

London, Pennsylvania, United Kingdom

Dovetail Group Ltd. was a provider of payments and liquidity management solutions to banks and simplify their infrastructure and deliver effective digital transformation. Dovetail Group was formed in 1999 and is based in Parsippany, United Kingdom.

Buy -

Seller(S) 1

SELLER

Lender Processing Services

Jacksonville, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

Lender Processing Services LLC, is a provider of mortgage and consumer loan processing services, mortgage settlement services, default solutions and loan performance analytics, as well as solutions for the real estate industry, capital markets investors and government offices.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Hawaii) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-17 LendingSpace Partners

Fulton, Maryland, United States

LendingSpace Partners LLC, is a provider of mortgage loan origination Software-as-a-Service (SaaS) solutions.

Buy -
Mergr

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