Fiserv Inc. has acquired ASI Financial, a four-year-old firm that specializes in profitability analysis of large retail customer bases.

Terms were not disclosed.

New York-based ASI will become part of Fiserv's IPS-Sendero unit, itself a product of a number of acquisitions that have added a range of financial planning, asset-liability management, and profitability software.

Fiserv, with "less than a dozen" large customers, including Chase Manhattan Bank, is turning to ASI for "help in the large end of the market," said Jerry Weiner, IPS-Sendero's chairman and chief executive officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.