A partner purchased by Fiserv

[img_assist|nid=9756|title=|desc=|link=none|align=left|width=100|height=29]To extend its ITI outsourcing presence in the Texas marketplace Fiserv, Inc., a leading provider of information technology services to the financial industry, purchased The Data Center (TDC) based in Grapevine, Texas, from Compass Bank under undisclosed terms. Previously Fiserv partnered with the center to promote its services to banking clients.

TDC was a licensee and reseller of the Fiserv ITI Premier® core banking system. The system is accessible both for outsourced and in-house account processing, and offers products and associated consulting services for virtually every banking function. Fiserv’s acquisition of The Data Center includes all assets and contracts, and the center’s 30 employees will become employees of Fiserv.

Mike Young, president of Fiserv Bank and Thrift Division, notes that the relationship with The Data Center started 20 years ago and now Fiserv can offer those banking clients a personal relationship, along with the combined strength of the Fiserv product lines.