Fiserv Inc. has acquired Xcipio Inc., a Web-based insurance rating and automation solution provider, as part of its stated plan to expand its technological footprint in the insurance industry.

According to Brookfield, Wis.-based Fiserv, the acquisition will allow it to provide Web-based comparative insurance rates directly from insurance carriers to producers in real time. Details of the transaction, which closed Nov. 1, were not disclosed.

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