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Home / India News / 2007 / May / May 26, 2007
Fiserv Announces New Global Services Delivery Center in Pune

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Fiserv Announces New Global Services Delivery Center in Pune

New Delhi, Delhi, India

Fiserv India, a wholly owned subsidiary of Fiserv, Inc., a Fortune 500 company, (NASDAQ: FISV) and one of the largest providers of information technology services to the financial services industry worldwide, today announced that it is opening a new delivery center in Pune. The new center is part of the company's growth strategy in India focused on leveraging world class talent available in the country.

The Pune center is being set up in a 100,000 square foot area in the prestigious Kalyani Nagar area, with the capacity to house 1,500 professionals. With this, Fiserv India now has four global delivery service centers; the three existing centers are in Noida, NCR region employing more than 1,000 professionals.

The Pune center will provide IT, quality assurance testing, business process outsourcing (BPO), and infrastructure services to customers in various financial services domains including banking, credit unions, insurance, payments, credit cards, investments, lending and healthcare. The new center will also enhance Fiserv India's business continuity and disaster recovery capabilities.

Commenting on the company's expansion plans, Dr. Arun Maheshwari, president, Fiserv Global Services Group said, "The new global services delivery center is a critical part of our India growth strategy. In order to reach our growth goals, we need to tap resources in multiple cities with quality manpower. Pune was selected because of its high quality of manpower resources, excellent educational institutions, cosmopolitan culture and good infrastructure. We will continue the geographical expansion both in India as well as in other lower cost countries."

About Fiserv India

Fiserv India is a part of the Fiserv Global Services (FGS) group of Fiserv, which was set up in October 2005 to accelerate globalization of the parent company's operations. Fiserv Global Services is focused on becoming the preferred partner for offshore services in the financial services industry across technology platforms, enabling FGS customers to lower cost and improve quality of their services. It currently has global delivery centers in India and plans to expand to other countries in the near future.

About Fiserv, Inc.

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.

Poonam.kalra@fiserv.co.in tarunn@text100.co.in

Source: Fiserv India Pvt. Ltd. (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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