10 May Fiserv acquires tech, staff from Emergis
Milwaukee — Fiserv Inc. is acquiring part of Emergis Inc. for about $13.8 million in cash to bolster its technology and services for the mortgage lending industry.
Emergis is headquartered in Montreal, Canada, and develops systems for automating transactions and information exchanges. Fiserv plans to acquire its eLending U.S. operation, which connects mortgage lenders with third-party services. It is based in McLean, Virginia, and Fiserv expects Emergis’ employees there to become employees of Fiserv.
Fiserv, a software firm that serves the financial industry, operates out of Brookfield.