Brookfield, Wis. - Fiserv Inc. has acquired certain assets of CT Insurance Services and CCH Wall Street, two product lines of Wolters Kluwer Financial Services. The acquisitions, which include Xchange, Securities Registration and Producer Licensing software from CT Insurance Services and the Financial Training product line from CCH Wall Street, will add online application capabilities for insurance licensing and securities registration, along with NASD exam preparation courses to Fiserv's suite of products. Terms of the asset purchase were not disclosed.CT Insurance Services is a provider of enterprisewide systems for insurance licensing and securities registration. The Web-based systems from CT Insurance Services capture data at the origination point, enabling the filer to prepare and submit licensing and registration filings electronically. The Financial Training solutions from CCH Wall Street provide NASD Exam Preparation, including an interactive virtual learning environment, and innovative in-person and self-study solutions.
"Fiserv has always been committed to providing our clients with best-in-class technology when it comes to automating processes and offering end-to-end solutions, and this acquisition reinforces that commitment," says Jeff Yabuki, Fiserv's president and chief executive officer. "We're excited to be able to expand our capabilities through inclusion of technology such as Xchange and the Financial Training product line, and we look forward to providing enhanced capabilities to both current and future Fiserv clients."
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