Motive Partners Acquires Majority Stake in Fiserv Investment Services (Rebrands as Tegra118)
February 19, 2020
Motive Partners acquired a majority interest in Fiserv’s Investment Services business, with Fiserv retaining a 40% equity stake. The business was rebranded as Tegra118 and will be led by Cheryl Nash as CEO while Motive Partners will focus on modernizing the platform and investing in growth and integrated solutions.
- Buyers
- Motive Partners
- Targets
- Tegra118 (formerly Fiserv Investment Services)
- Sellers
- Fiserv, Inc.
- Industry
- Financial Services
- Location
- Wisconsin, United States
- Transaction Type
- Divestiture
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