Fiserv Inc. has acquired Catapult Technology Limited, a London-based provider of private banking, treasury management and international banking technology solutions and services. Terms of the agreement were not disclosed.
Catapult Technology, in addition to consulting services, provides a suite of platform-independent banking solutions called MetaBank. A banking system that combines the functionality needed to improve services and efficiency today with the technology and flexibility to meet tomorrow’s challenges, MetaBank is a back- and middle-office software system created using Catapult’s proprietary rapid development platform.
“Acquiring Catapult helps position Fiserv within a significant market,” stated Norman J. Balthasar, president and COO of the Fiserv Financial Institution Group. “Financial institutions of all types are increasingly looking to offer highly personalized services to their top-tier clients, and are running ever more sophisticated treasury operations. Catapult solutions are designed to meet this specific need, and will be integral to our international product line as we continue to reinforce our commitment to meeting the rapidly expanding needs of financial institutions worldwide.”
Based in London, England, Catapult Technology was established in 1996. The company will become part of the CBS Worldwide division of Fiserv, and will retain its existing management team and staff.
Fiserv CBS Worldwide is a division of Fiserv Inc. that delivers end-to-end business and technology solutions for financial institutions. Through its offices in London, Singapore and Orlando, Florida, Fiserv CBS Worldwide enables more than 200 financial institutions to deliver core processing and personalized customer relationship management solutions and servicing through multiple channels.
Fiserv Inc. is an independent, full-service provider of integrated data processing and information management systems to the financial industry. Headquartered in Brookfield, Wis., Fiserv serves more than 10,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, mortgage banks and savings institutions.
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