Author: WTN News

Fiserv has announced the hiring of Richard Jones as executive vice president and chief information officer. Jones, who will report to the CEO, will have oversight responsibility for global infrastructure, technology governance, and technology resources. ...

Metavante Technologies has agreed to acquire the London-based Nomad Payments for $58 million. Nomad provides prepay and debit card processing services and software, and will give Metavante a strong presence in the European market. ...

UnitedHealthcare has completed its acquisition of Fiserv's healthcare-related businesses, the two companies announced today. The sale, announced earlier this year, includes Fiserv Health (benefits administration), Avidyn Health (care facilitation), and divisions of Fiserv Health such as pharmacy benefits and specialty solutions businesses....

Madison Development Corp. has announced a second round of funding for its Venture Debt Program, bringing the fund's total capital to $4.274 million. The fund was established to help technology businesses, and among its first-round borrowers were NeoClone, GenTel Biosciences, and Networked Insights....

First thing we do is ignore all the experts, or at least take what they say with a grain of salt, according to columnist James Carlini. In this edition of Carlini's Comments, a follow up to his recent column on a lackluster field of presidential...

The Madison-based radiopharmaceutical firm Cellectar has raised $13 million in a private offering led by Venture Investors. The funds will be used for a Phase 1 clinical trial that could validate the company's lead oncology candidate, a cancer-fighting molecule that has shown promise in preclinical...

Preliminary figures released earlier this week indicate that the State of Wisconsin Investment Board made 24.8 percent on its private equity investments in 2007, beating the board's benchmark of 19.1 percent. The small piece of that portfolio invested in Wisconsin funds made its mark thanks...

Gov. Jim Doyle's new plans to stimulate angel and venture investment and manufacturing innovation received high marks from members of the Wisconsin Technology Council Board. The board, comprised of business leaders and state officials, voted Tuesday to endorse the plan in concept. ...