Fiserv Inc., a provider of information management systems to the insurance and financial industries, said today it has acquired the advisory firm BancIntelligence.

The Brookfield, Wis.-based company did not disclose the price of its purchase.

Fiserv describes Atlanta-based BancIntelligence as the only online advisory solution for financial institutions, providing automated analysis and Web-based strategy development. The acquired firm is said to have more than 500 clients in 49 states.

BancIntelligence, founded in 2000, provides banks with online access to bank financial and market analysis.

Fiserv said the BancIntelligence operation helps banks allocate resources to optimize profitability and franchise growth. The combination of the online analysis tools with expertise delivered via the Web by BancIntelligence's senior bank strategists is “an unprecedented, scalable model for the delivery of advisory services to financial institutions,” according to Fiserv.

“The expertise that BancIntelligence provides is a great fit into our mission of enabling best-in-class results for our clients,” said Norm Balthasar, Fiserv senior executive vice president and chief operating officer. “Integrating their capabilities into our solution set will further differentiate Fiserv in the competitive landscape.”

Fiserv said BancIntelligence founder Steve Cotton and the company's management team will remain with the BancIntelligence business as it moves to Fiserv.

A spokesperson for Fiserv, Lori Stafford, said BancIntelligence will continue its presence in Atlanta for the time being and no decision has been made on a physical location for the company. She said it has less than 40 employees.

Mr. Cotton, founder, president and CEO of BancIntelligence, said in a statement his company “is delighted to become part of Fiserv. This combination will advance our client reach, accelerate product development and expand our base of recommended solutions.”

“Given the scale of Fiserv's client base we see significant opportunities to help many more clients enhance their ability to both plan and compete most effectively through our tools and advice,” added Mr. Cotton.

Fiserv provides information management systems and services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company said it serves more than 18,000 clients worldwide. Fiserv reported more than $4.4 billion in total revenue for 2006.

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Fiserv Buys BancIntelligence

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