Fiserv Acquires The Data Center From Compass Bank

Fiserv Inc., a provider of information technology services to the financial industry, has acquired The Data Center (TDC) based in Grapevine, Texas, from Compass Bank. Terms of the sale were not disclosed.

TDC was a licensee and reseller of the Fiserv ITI Premier core banking system, which is available for either outsourced or in-house account processing and offers products and associated consulting services for virtually every banking function. Fiserv is acquiring all of The Data Center's assets and contracts, and the center's 30 employees will become employees of Fiserv.

Source: Fiserv


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