Fiserv Buys Open Solutions

Fiserv has acquired Open Solutions, which was backed by the Carlyle Group and Providence Equity Partners. The purchase price was $55 million and Fiserv assumed about $960 million of debt. Fiserv will also receive a tax asset with a net present value of about $165 million. Glastonbury, Conn.-based Open Solutions is a technology provider to banks, thrifts and credit unions.

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