BROOKFIELD, Wis. – Fiserv has acquired Catapult Technology Limited, a private banking, treasury management and technology solutions provider based in London. Terms of the agreement were not disclosed. Catapult Technology has a suite of banking solutions called MetaBank. MetaBank is a back- and middle-office software system created using Catapult’s proprietary rapid development platform. “Financial institutions of all types are increasingly looking to offer highly personalized services to their top-tier clients, and are running ever more sophisticated treasury operations,” said Norman Balthasar, President and Chief Operating Officer of the Fiserv Financial Institution Group. “Catapult solutions are designed to meet this specific need, and will be integral to our international product line as we continue to reinforce our commitment to meeting the rapidly expanding needs of financial institutions worldwide.” Catapult Technology was founded in 1996. It will become part of Fiserv’s CBS Worldwide division and retain its existing management team and staff (www.fiservcatapult.com).
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