CUSA Technologies Inc. of Salt Lake City has agreed to a stock-for-stock acquisition by Fiserv Inc.
CUSA is a leading provider of in-house software systems and services used by credit unions worldwide. It develops credit union software management systems and provides a full range of support, training, statement processing and network services. The company was formed in 1977.Fiserv is an independent provider of financial data processing systems and related information management services and products used by more than 5,000 banks, credit unions, mortgage firms and saving institutions worldwide.
Fiserv will acquire CUSA stock at approximately $1.35 a share, subject to certain adjustments, according to a press release. The transaction is subject to regulatory and shareholder approval.