The Information Technology 100
84
Fiserv
With banks, credit unions, insurance firms, and others pumping out billions of transactions each year, information-management company Fiserv is becoming their back office. Processing checks and insurance claims, plus helping run health plans, pushed revenues at the Brookfield (Wisc.)-based company up 20.5% last year. It added additional overseas bank clients, landing deals in three of Australia's four largest banks, and beefed up, with acquisitions of IT firms in the insurance and pharmacy benefit management segments. Fiserv Chief Executive Leslie Muma is also bringing the company into new industries. This year, he bought Del Mar Database as part of an expansion plan to automate the back office of mortgage brokers and lenders. A still-hot housing market could add a bunch more transactions to Fiserv’s processing basket.
Company Info
| STOCK INFO | FISV |
| Revenues* | $3.8 BILLION
|
| Revenue Growth | 20.5%
|
| Return on Equity | 17.0%
|
| Total Return | 13.9%
|
| Profits* | $438.8 MILLION
|
| Industry | SERVICES
|
| CORPORATE WEB SITE
|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Company Snapshot
Fiserv Inc. provides integrated data processing and information management systems to financial services providers, insurance companies and agents, self-insured employers, leasing companies, mortgage lenders, and savings institutions in the United States and internationally. It operates in three segments: The financial institution outsourcing, systems, and services segment provides account and transaction processing systems and services to financial institutions and other financial intermediaries; the health plan management services segment provides services to employers who self-fund their health plan, including services, such as handling payments to health-care providers, plan design services, medical provider administration, and other related services; and the securities processing and trust services segment provides securities processing products and services, and retirement plan administration services to brokerage firms, investment advisers, and financial institutions. Fiserv also provides plastic card issuance, design, personalization, and mailing services; and document management products. The company was formed in 1984 and is headquartered in Brookfield, Wis.
No. of Employees
22,000
Data provided by 
Leslie M. Muma
Bio
Leslie M. Muma has been Chief Executive Officer of Fiserv Inc. since March 1999 and as President since 1984. Mr. Muma served as President and Chief Operating Officer of Fiserv Inc. from 1984 to 1999. From 1971 to 1984, Mr. Muma was the President of one of the predecessors of Fiserv Inc., Data Management Resources Inc., a wholly owned subsidiary of Freedom Savings & Loan Association, Tampa, Fla. Mr. Muma has over 35 years of data processing experience. He has been a Director of Fiserv Inc., since it was established in 1984. Mr. Muma has been a Director of MGIC Investment Corp., since 1995 and is a Member of the Executive Committee and Management Development, Nominating and Governance Committees.
AGE: 60
Titles
President and Chief Executive Officer
Total Compensation*
$ 1.6 MILLION
Total Value of Options**
$ 34.9 MILLION
Degrees Held
NA
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
Leslie M. Muma, Kenneth R. Jensen, Norman J. Balthasar, Robert H. Beriault, James W. Cox, Douglas J. Craft, Mark J. Damico, Patrick C. Foy, Michael D. Gantt, Thomas A. Neill, James C. Puzniak, Dean C. Schmelzer, Charles W. Sprague, Terence R. Wade
Board Members
Leslie M. Muma, Donald F. Dillon, Gerald J. Levy, Glenn M. Renwick, Daniel P. Kearney, L. William Seidman, Kenneth R. Jensen, Kim M. Robak, Thomas C. Wertheimer
