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NDP, SIS acquisitions represent first steps in an ambitious insurance strategy, writes Paul Way.
Management at Fiserv isn't shy about setting lofty goals.
Ask CEO George Dalton who he's aiming for as his banking and securities processing company embarks on an insurance strategy and he quickly names Policy Management Systems Corp. (PMSC, Columbia, SC), the preeminent player for core insurance systems. Dalton's not showing disrespect for the other major players in the market (including EDS' Solcorp, IBM's PDM, Genelco, Allenbrook, Inspire and CSC, among others), it's just that he thinks big.
And it's that kind of thinking that's had his Brookfield, WI-based company growing at an annual clip of 15 to 20 percent. The primary driver behind that growth: acquisitions. In 1997, the bank processing specialist entered the securities processing business through a host of acquisitions. Now, Dalton...