Fiserv, Inc. Acquires RegEd

Monday 19 January 2004 19:36 CET | News

Fiserv has acquired RegEd. RegEd recorded approximately $9 million in revenues in 2003. Fiserv did not disclose a purchase price.

As part of the acquisition, RegEd will take over the operations of Emerald Learning Solutions, a Fiserv distance learning organization that also serves the insurance and securities industries. RegEd, headquartered in Morrisville, North Carolina, has developed a line of intelligent, Internet-based products for clients to efficiently handle compliance regulations. These include an automated audit tracking system, online annual compliance questionnaire, customer complaint tracking tool, an advertising review module, and the industrys leading securities registration and license management tool. RegEd provides authoritative course content, strong customer service, and the latest in tracking systems to more than 225,000 registered representatives at over 500 financial services companies. All of RegEds 75 employees are expected to join Fiserv. Prior to the acquisition, the company was privately held.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce