Since 2004, BankServ expanded into the fields of consumer
remote deposit,
electronic bill payment and
credit card processing, and added an international division with the acquisition of the London-based Symtec Corporation. BankServ has received a number of awards, including nominations to Inc. Magazine's Inc. 500 list in 2003 and 2004, a list of the fastest-growing privately held corporations in the United States. Most recently, BankServ was nominated to the Inc. 5,000 Fastest Growing Private Companies list every year from 2003-2010.1 In January 2004, BankServ acquired Symtec Solutions, a provider of international money transfer and SWIFT financial messaging software headquartered in
London, England. In May 2009, BankServ acquired the assets of Commerciant, a
Houston-based technology company involved in
wireless credit card processing. The company now offers a handheld terminal that can process credit card transactions on the spot over various
mobile phone networks. In 2010, BankServ acquired NetDeposit, one of its main rivals in the remote deposit field, from
Zions Bancorporation in a primarily cash transaction. As a result of the acquisition, BankServ's check processing operations nearly doubled in size, and added new branch capture and mobile phone check deposit software. The company estimates that it now processes remote deposit transactions for more than 100,000 business customers in the
United States. In August 2011, private equity firm GTCR acquired the controlling interest in BankServ, poising the company for expansion and growth. GTCR's portfolio of more than 25 companies includes fast-growing firms in the financial services and technology, healthcare and information services and technology fields. GTCR subsequently announced its intention to merge BankServ with the
Israeli payments firm Fundtech, a transaction that was completed in November 2011. The combined company is known as Fundtech and is/was headquartered in
Jersey City,
New Jersey. In April 2015
D%2BH acquired Fundtech from the Chicago private-equity firm GCTR. Later On 17 June 2017,
D%2BH announced that it would be acquired by
Vista Equity Partners and combined with
Misys, operating under the new company name
Finastra for a total enterprise value of approximately $4.8 billion. ==References==