Fiserv Acquires The Jerome Group
Brookfield, Wisconsin-based Fiserv has acquired The Jerome Group, a leading provider of business-critical communications to industries such as financial services, health-care, telecommunications and retail. Headquartered in St. Louis, The Jerome Group will become part of the Personix division of Fiserv Output Solutions.
The Jerome Group is one of the nation’s leading digital print providers and a full-service direct marketing firm. Its 2005 revenue was $44 million. Ken Brown, a 26-year veteran of the organization, will remain as executive vice president and lead the new Fiserv division. The firm’s 300 plus employees will join Fiserv.
Said Jeff Yabuki, president and CEO of Fiserv, “The Jerome Group is an important addition to the growth strategy of Fiserv’s output solutions division. Jerome’s unique ability to mass produce personalized marketing and membership materials will enhance Fiserv client relationships, and its national client base of mid-sized and Fortune 500 companies will enlarge the breadth of our network.”
Fiserv, a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. The company reported more than $4 billion in total revenue for 2005.
For more information, visit www.fiserv.com.