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New Deal


Announced

Completed

Fiserv completed the acquisition of Spendlabs.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Domestic

financial platform

Private

Single Bidder

FinTech

Completed

Majority

United States

Acquisition

Synopsis

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Fiserv, a provider of integrated information management and electronic commerce systems and services, completed the acquisition of Spendlabs, a developer of a financial platform. Financial terms were not disclosed. ”Our enhanced digital capabilities are a proof point of our commitment to innovate and rapidly unlock additional value for our clients through the delivery of the best-in-class capabilities that their customers expect from them today. Financial institutions of all sizes will be able to provide a combination of differentiated mobile-first banking and card services that only Fiserv can uniquely deliver, and we’re proud to be helping our clients enable their customers to experience digital in a way that changes the game for everyone," Frank Bisignano, Fiserv President and CEO.

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