Evaluation based on completeness of vision and ability to execute
Brookfield, Wis., April 22, 2008 - Fiserv CBS Worldwide, a business unit of Fiserv, Inc., (NASDAQ: FISV) announced it has been positioned by Gartner, Inc. in the Leaders' quadrant of the "Magic Quadrant for International Retail Core Banking, 2008." The report was published on April 3, 2008 by author Don Free.
The Gartner, Inc. Magic Quadrant is an annual analysis of international core banking system vendors and their technologies. The analysis evaluates solutions and their providers in part for their ability to execute against the banking market.
Gartner, Inc. describes Fiserv CBS and others residing in the Leaders' Quadrant as "vendors that possess a strong banking market understanding, and have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Most vendors exhibit highly developed and certified development and delivery of quality methodologies or are executing on a strategic road map to attain certification. Most vendors in this quadrant have extensive marketing delivery and sales. They also show a clear willingness to own and be accountable for a successful customer experience."
"We consider our positioning in the Leaders' Quadrant by Gartner a confirmation of Fiserv CBS Worldwide's competence to repeatedly deliver flexible and cost-effective solutions," said Tony Catalfano, president, Fiserv CBS Worldwide. "We will continue to deliver our best of breed offerings to large and mid-tier financial services clients in global markets and measure our success by the long term value in the relationships we establish."
About the Magic Quadrant
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the Leaders' Quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 18,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company 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. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.
