Fiserv, Inc. Completes Acquisition of AVIDYN, Inc.Business Editors BROOKFIELD, Wis.--(BUSINESS WIRE)--Jan. 13, 2003 Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) announced today that it has completed its previously announced agreement to acquire AVIDYN, Inc. (Nasdaq:ADYN), according to Leslie M. Muma, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fiserv. Based in Dallas, Texas, AVIDYN delivers products for niche health care segments through its two wholly owned subsidiaries: ppoONE, Inc., offering claims repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing and data management services, and ValueCHECK, Inc., a provider of utilization review u·til·i·za·tion review n. A process for monitoring the use, delivery, and cost-effectiveness of services, especially those provided by medical professionals. and case management services. Fiserv, Inc. (Nasdaq:FISV) is an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system IDP automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com. |
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