FISERV INC acquired Credit Union On-Line, Inc. (CUOL), structured as Completed in the first quarter of 2011; one of three Q1-2011 acquisitions (with Mobile Commerce/M-Com and Maverick Network Solutions) acquired for an aggregate purchase price of approximately $50 million, net of cash acquired; individual price not disclosed..
Credit Union On-Line, Inc. (CUOL) operates in Financial Institution Services, is based in United States. Credit Union On-Line, Inc. (CUOL) is a provider of outsourced account-processing solutions for credit unions. Fiserv acquired CUOL in the first quarter of 2011 to offer an outsourced delivery option for its XP2 account processing platform and give existing CUOL clients access to Fiserv's broader product portfolio.
Added an outsourced delivery option for the XP2 account processing solution and created cross-sell opportunities across CUOL's credit union clients.
Advisory firms were not disclosed for this transaction.