Tech Company M&A Transactions
Open Solutions Acquisition
Open Solutions, operating out of Glastonbury, was purchased by Fiserv. The transaction price was $55 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/15/2013
Transaction Type
M&A
Amount
$55,000,000
M&A Terms
The purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, Fiserv will benefit from an acquired tax asset with a net present value at the time of purchase of approximately $165 million.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
455 Winding Brook Drive
Glastonbury, CT 06033
USA
Glastonbury, CT 06033
USA
Phone
Website
Email Address
Not Recorded
Overview
Open Solutions Inc. was founded by professionals with in-depth experience in financial services, enterprise data management, system design and Web-based technologies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Louis Hernandez
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