Fiserv, Inc. acquired Orangedata S.A. for $6 million.
January 05, 2023
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Fiserv, Inc. (NasdaqGS:FISV) acquired Orangedata S.A. on December 29, 2022. Fiserv also acquired NexTable in September 2022 and City POS in June 2022. Additionally, Fiserv acquired a remaining ownership interest in Finxact in April 2022. Fiserv acquired these businesses for an aggregate purchase price of approximately $994 million, net of $28 million of acquired cash, and including earn-out provisions estimated at a fair value of $6 million. Fiserv funded these acquisitions in 2022 by utilizing a combination of available cash and proceeds from the issuance of commercial paper.
Fiserv, Inc. (NasdaqGS:FISV) completed the acquisition of Orangedata S.A. for $6 million on December 29, 2022. Fiserv acquired Merchant One, Inc. and Orangedata S.A. for an aggregate purchase price of $308 million, net of $1 million of acquired cash and acquired Merchant One, Inc. for $302 million, net of $1 million of acquired cash.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (5.7%).
The United States account for 85% of net sales.