19 Jan Fiserve Acquires RegEd, Consolidates N.C.-Based Operations in Wisconsin
Brookfield, Wis. – Fiserv Inc. acquired RegEd Inc. for an undisclosed amount today in a move that will, according to Fiserv President and Chief Executive Officer Leslie Muma, allow Fiserv to cross-sell RegEd products and services. 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. All of RegEd’s 75 employees are expected to join Fiserv.
RegEd, headquartered in Morrisville, N.C., is a privately held provider of Internet-based compliance management systems and distance learning programs for insurance and securities industries. The company provides course content, customer service and tracking systems designed to handle compliance regulations for more than 225,000 registered representatives at approximately 500 financial services companies.
Terry Wade, president of the Fiserv Insurance Solutions Group believes the acquisition enhances Fiserv’s portfolio of products and services for the securities and insurance industries.
“We believe RegEd will enjoy tremendous synergies–both with our existing Emerald Learning Solutions business and across our the entire Insurance Solutions Group–as we develop this key niche,” Wade said.
Fiserv is a Brookfield-based company that provides information management systems and services to the financial industry. The company serves approximately 14,000 clients worldwide, including banks, credit unions, insurance companies and lenders and savings institutions.