US based Fiserv is reportedly in talks to acquire Polaris Financial Technology. The due diligence is in final stages and valuation is being worked out. The US based company is eying both service and product business of Polaris.
Promoter holds 29.13% stake in Polaris Financial Technology. Fiserv’s total revenue was $4.48 billion in 2012.
Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.