FISERV INC acquired CashEdge Inc. for ~$460 million, a transaction completed in September 2011, structured as All-cash acquisition; approximately $460 million, net of cash acquired..
CashEdge Inc. operates in Payments, is based in United States. CashEdge is a leading provider of consumer and business digital payments solutions, including account-to-account transfers, account opening and funding, data aggregation, small-business invoicing and payments, and person-to-person payments. Fiserv acquired CashEdge on September 13, 2011 for approximately $460 million, net of cash acquired.
Advanced Fiserv's digital payments strategy and created opportunities to sell CashEdge's account-to-account, funding, aggregation and person-to-person payment products into Fiserv's large existing client base.
Advisory firms were not disclosed for this transaction.