The announcement last month by Fiserv that it would acquire OpenSolutions Inc. for roughly $1 billion, most of that in debtassumption, has sent some shivers through the credit union coreprocessing world.
Fiserv has confirmed that the Acumen, once billed by Fiserv asthe core processing system for tomorrow, will not live.
“Acumen will not continue on. We will not continue to install itin the U.S.,” said Mark Sievewright, president of the Credit Union Solutions group atFiserv, in an interview. He denied that the acquisition will causeFiserv to tighten its financial belt by killing off a few elderly,high-maintenance cores systems.
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