As part of an effort to focus on its core businesses, Fiserv Inc. has sold Del Mar DataTrac Inc., a San Diego mortgage automation provider, back to the company that sold it three years ago.
Del Mar DataTrac Inc. announced last week that Wells had sold it back to the San Diego private-equity fund TVC Capital LLC. The price was not disclosed.
"This divestiture further demonstrates Fiserv's focus on its core financial and insurance businesses," Thomas W. Warsop 3rd, the group president of Fiserv's financial institutions group, said in a Del Mar press release.
Jeb Spencer, now a managing partner of TVC Capital, was Del Mar's chairman and chief executive when Fiserv had bought his company in March 2005.
