The Information Technology 100
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 Fiservís processing basket.
|Return on Equity||17.0%|
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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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