FISERV INC acquired Maverick Network Solutions, Inc., structured as Completed in the first quarter of 2011; one of three Q1-2011 acquisitions (with Mobile Commerce/M-Com and Credit Union On-Line) acquired for an aggregate purchase price of approximately $50 million, net of cash acquired; individual price not disclosed..
Maverick Network Solutions, Inc. operates in Payments, is based in United States. Maverick Network Solutions is a provider of prepaid and reward incentive card programs. Fiserv acquired Maverick in the first quarter of 2011 to expand its payments portfolio and meet demand from large financial institutions and corporations for prepaid processing, program management, and general-purpose reloadable and payroll cards.
Broadened Fiserv's prepaid processing, turn-key program management and general-purpose reloadable and payroll card capabilities for financial institutions and corporations.
Advisory firms were not disclosed for this transaction.