FISERV INC acquired PCLender, LLC, a transaction completed in July 2017, structured as Asset acquisition completed July 31, 2017; one of four 2017 acquisitions (with Online Banking Solutions, 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..
PCLender, LLC operates in Financial Institution Services, is based in United States. PCLender is a provider of next-generation, internet-based mortgage software and mortgage lending technology solutions. Fiserv acquired PCLender's assets on July 31, 2017, strengthening its lending solutions for banks and credit unions.
Added modern, internet-based mortgage origination and lending technology to help Fiserv's bank and credit union clients better serve their mortgage customers.
Advisory firms were not disclosed for this transaction.