FISERV INC acquired Online Banking Solutions, Inc. (OBS), a transaction completed in January 2017, structured as Acquisition completed January 17, 2017; one of four 2017 acquisitions (with PCLender, Dovetail 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..
Online Banking Solutions, Inc. (OBS) operates in Financial Institution Services, is based in United States. Online Banking Solutions, Inc. (OBS) provides cash management and digital business banking technology. Fiserv completed the acquisition on January 17, 2017, adding capabilities that complement and enrich its existing digital banking and account-processing solutions.
Added cash management and digital business banking capabilities that integrate across Fiserv's account processing solutions.
Advisory firms were not disclosed for this transaction.