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Fiserv Agrees To Acquire ReliaQuote

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NU Online News Service, April 3, 2003, 3:45 p.m. EST – Fiserv Inc., Brookfield, Wis., has agreed to acquire ReliaQuote Inc., Falls Church, Va., a Web-based insurance agency and brokerage with annual sales of about $15 million.

The companies did not disclose terms of the agreement.

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ReliaQuote sells term life insurance and other products through the ReliaQuote Web site, and it also sells insurance through financial institution Web sites.

Fiserv provides data-processing services for 13,000 banks, broker-dealers, credit unions, insurers, financial advisors and self-insured employers.