Tech Bytes: Fiserv Buys Trainer For Insurers, Brokers

Fiserv Inc. has bought Life Instructors Inc., an education and training company in the life insurance and securities industries. The transaction's terms were not disclosed.

Life Instructors, New Providence, N.J., is expected to generate 1999 revenues exceeding $20 million. It offers advanced training services over the Internet, intranets, or personal computers.

Customers include Merrill Lynch, Metropolitan Life, and New York Life.

"Life Instructors brings a unique service to Fiserv, one that is complementary to our current solutions for the insurance and securities industries," said George D. Dalton, chairman and chief executive officer of Fiserv.

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