Fiserv Inc. announced Tuesday that it has agreed to acquire i_Tech Corp. from First Interstate BancSystem Inc., a $6 billion banking services organization headquartered in Billings, Montana. According to Fiserv, the $40 million transaction is expected to close by the end of the month. As a reseller of Fiserv's ITI Premier core banking system, i_Tech offers outsourced account-processing services, EFT and check processing services, to customers. Also based in Billings, i_Tech caters to some 158 financial institutions throughout a 13-state region in the Intermountain West and Midwest. Headquartered in Brookfield, Wis., Fiserv provides information technology services to the financial industry.
Top NewsWednesday, December 17, 2008
Fiserv Buys Banking Services Firm