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For more information contact:
Lori Stafford
Assistant Vice President External Communications
Fiserv
262-879-5130
Lori.stafford@fiserv.com
For immediate release:
July 16, 2007
Business Week Magazine Selects Fiserv in Top 100 IT Companies
for 2007
Technology improvements and shareholders' return part
of criteria
Brookfield, Wis., July 16, 2007 - Fiserv, Inc. (NASDAQ:
FISV), a leading provider of information management systems
and services, was selected by Business Week magazine as
one of The Future of Tech 2007 Information Technology Top
100 Companies. The report appears in Business Week's July
2, 2007 issue, with expanded content on http://www.businessweek.com/magazine/toc/07_27/B40410727it100.htm
This is the first time Fiserv has been selected on the
Top IT 100 list, ranked at 97, and the only financial services
company listed this year. "This is a great honor for
us to be singled out in our industry by Business Week as
a technology leader. The magazine commends us and the others
on the top 100 list for constantly reinventing ourselves,
what we produce and how we sell it," said Norm Balthasar,
Fiserv senior executive vice president and chief operating
officer. "Banks and financial institutions require
constant innovation and the best possible technology to
serve their customers. These rankings show we are providing
that and helping our clients achieve best-in-class stature.
This is the cornerstone of our Fiserv 2.0 mission we announced
last year."
The magazine cited Fiserv's acquisition of NetEconomy, the
global leader in financial crime management and compliance
solutions, as one of the reasons why it made the list. "Fighting
financial crime is one of the top concerns for many of our
clients. We are looking at acquisitions and organic growth
of our products to provide a wide array of solutions and
keep them current," added Balthasar.
To compile the information for the Technology 100, Business
Week began with financial data from Standard & Poor's
Compustat, also a division of The McGraw-Hill Companies,
which has computerized information on more than 28,000 publicly
traded corporations. BusinessWeek trimmed this universe
to information-technology companies. Companies had to have
revenues of at least $300 million. The remaining group of
companies was ranked on four criteria: return on equity,
shareholder return and revenue growth (which were given
equal weight), and total revenues (which was weighted).
The top 100 companies were then reranked as a group.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides
information management systems and services to the financial
and insurance industries. Leading services include transaction
processing, outsourcing, business process outsourcing (BPO),
software and systems solutions. The company serves more
than 18,000 clients worldwide and is the leading provider
of core processing solutions for U.S. banks, credit unions
and thrifts. Fiserv was ranked the largest provider of information
technology services to the financial services industry worldwide
in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered
in Brookfield, Wis., Fiserv reported more than $4.5 billion
in total revenue for 2006. For more information, please
visit www.fiserv.com.
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