In a strategic move that underscores its commitment to delivering unrivaled financial close automation solutions, Trintech has acquired the reconciliation business from Fiserv. This acquisition adds an additional 400 blue-chip clients across multiple sectors such as financial services, telecommunications, retail, insurance and utilities to Trintech’s growing portfolio.
A Springboard for Innovation
With over 35 years of global innovation in automation, reconciliations and financial close processes under its belt, Trintech is no stranger to the power of transformative tech. The acquisition acts as a springboard for further innovation and expansion of Trintech’s accounting automation platform.
In the words of Darren Heffernan, CEO of Trintech:
“In this era of intense digital transformation, accounting automation, reconciliations and financial close represent a significant market opportunity. This acquisition positions us to provide even more compelling capabilities, broaden the reach of our partner ecosystem and drive impressive ROI for our customers.”
Enhanced Capabilities Through Leading Reconciliation Solutions
The acquisition brings two leading reconciliation solutions into Trintech’s fold. This expands their capabilities and allows them to serve their customers more efficiently and effectively. Fiserv will continue its partnership with many of these clients, ensuring seamless service delivery.
Growing Talent Pool
The deal also includes hiring key employees with technical expertise supporting these solutions across North America, EMEA and APAC. The addition brings Trintech’s global headcount to nearly 700 professionals dedicated to delivering top-tier reconciliation solutions.
Expanding Global Presence
Thanks to an exclusive referral agreement with Fiserv as part of the acquisition deal, Trintech is expanding its global presence into new international markets. This presents exciting growth opportunities for both companies.
Whitney Stewart Russell, President of Digital Solutions at Fiserv said:
“We are excited about the partnership we have built with Trintech and look forward to serving clients through our future relationship as a referral partner.”
Trusted by Industry Leaders
Trusted by over 4,200 clients worldwide – including the majority of Fortune 100 companies – these organizations rely on Trintech’s solutions for optimizing data control risk management efficiencies while providing strategic insights.
Fiserv (NYSE: FI), an S&P 500® Index member and one among Fortune® World’s Most Admired Companies™ aspires to move money and information in ways that make a difference in the world.
This partnership between two industry leaders signifies an exciting time ahead for all stakeholders involved – from clients who stand to benefit from enhanced services to employees who get opportunities for growth.
Disclaimer: The information in this press release is meant for general information purposes only. We advise you to do your own research or consult a professional before making any financial decisions based on this information.