Fiserv Inc. said it plans to acquire Speciality Insurance Services, a provider of software and related services for the property and casualty insurance industry.

The Orange, Calif., company is expected to complement the insurance processing business gained through Fiserv's recent acquisition of Network Data Processing Corp.

"With trends showing financial institutions and insurance companies moving closer together in terms of products and services offered, there is a related demand for advanced software and support in both industries," said George D. Dalton, Fiserv chairman and chief executive officer.

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