On June 29, Fiserv agreed to acquire CashEdge. Here are some quick facts about the acquisition. 

• The deal is expected to be complete by September 2011.
• The all-cash $465 million purchase price is more than six times CashEdge’s projected 2011 revenues of $75 million.
• Fiserv’s last large acquisition was CheckFree for $4.4 billion in 2007, which was 4.5 times its expected revenue. In comparison, Jack Henry & Associates’ $300 million purchase of iPay Technologies last year was 5.5 times iPay’s revenue.
• The expected consolidation of CashEdge’s Popmoney P2P transfer service (200 signed clients) and Fiserv’s ZashPay (700 signed clients) will create a stronger competitor to bank-owned clearXchange.

• Press Release 
• American Banker
• Javelin Strategy & Research Blog
• Credit Union Times
• Journal Sentinel
• Finovate demos: 
• Cashedge 
• Finovate 2009
• FinovateFall 2010
• Fiserv
• Finovate 2008
• Finovate 2009
• FinovateSpring 2010
• FinovateFall 2010