Fiserv Inc. has acquired Fipsco Inc., a provider of life insurance software.
The company, which provides software for creating marketing materials and presentations, will become part of Fiserv's insurance arm, Fiserv Insurance Solutions Group.
The group, based in Cedar Rapids, Iowa, was formed late last year to encompass the insurance software firms Fiserv acquired in 1998. Fiserv's insurance group now serves more than 2,300 clients nationwide.
Fiserv's acquisitions-Network Data Processing Corp., Specialty Insurance Service, The Freedom Group, and Life Instructors Inc.-offer software for functions ranging from administrative support to education, for life, annuity, health, property, and casualty insurance providers.