Long-time Fiserv Insurance Solutions customers have a new technology service provider—sort of. The company, spun off from the larger Fiserv financial services entity in July 2008, was grabbed, along with a number of other Fiserv divisions, by Trident IV, a private equity fund managed by Stone Point Capital LLC, Columbia, S.C., and restructured into StoneRiver.
Trident/Stone Point Capital acquired a 51% interest in Fiserv Insurance Solutions from Fiserv Inc. Fiserv Inc. still owns 49% of the newly named StoneRiver, and Fiserv’s CEO, CFO and legal counsel still sit on the StoneRiver board of directors.
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