FISERV INC acquired Dovetail Group Limited, a transaction completed in August 2017, structured as Acquisition completed August 18, 2017; one of four 2017 acquisitions (with Online Banking Solutions, PCLender and Monitise) acquired for an aggregate purchase price of $383 million, net of $33 million of acquired cash, plus earn-out provisions with an estimated fair value of $15 million; individual price not disclosed..
Dovetail Group Limited operates in Payments and Industry Products, is based in United Kingdom. Dovetail Group Limited is a leading provider of bank payments and liquidity management solutions. Fiserv acquired Dovetail on August 18, 2017 to help financial institutions around the world modernize and transform their payments infrastructure.
Expanded Fiserv's real-time bank payments and liquidity management capabilities and supported its goal of helping institutions transform their payments infrastructure globally.
Advisory firms were not disclosed for this transaction.