Tuesday, July 05, 2011

Susquehanna Growth Equity anncounces sale of CashEdge


Susquehanna Growth Equity (SGE) is pleased to announce that Fiserv (NASDAQ: FISV) has entered into a definitive agreement to acquire our portfolio company, CashEdge. CashEdge was SGE’s first investment, made in January 2007, shortly after our group was formed.

CashEdge is the leading provider of Intelligent Money Movement™ services, enabling hundreds of financial institutions to provide a single point of access for account funding, transfers, person-to-person payments, and small business payments and invoicing. The company’s platform leverages a unique combination of proprietary software, payment processing, and risk management capabilities, enabling CashEdge to rapidly introduce new offerings in response to evolving customer demand. CashEdge is also the leading provider of aggregation services to the brokerage and wealth management industry. The company employs more than 300 people worldwide and has offices located in New York City and Silicon Valley as well as Chennai and Mumbai, India.

Fiserv is the leading provider of information management and electronic commerce systems for the financial services industry, with more than 16,000 clients worldwide. The company is based in Brookfield, Wisconsin.

We want to congratulate the company’s founder and CEO, Sanjeev Dheer, and the entire CashEdge team for all of their accomplishments. We wish them much continued success at Fiserv.

Please feel free to call us to learn more about how SGE works with innovative companies to help build industry leaders.


Regards,

The SGE Team

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For More Information
Scott Feldman
scott.feldman@sgep.com
610 747 1541
Amir Goldman
amir.goldman@sgep.com
610 747 1705
Jonathan Klahr
jonathan.klahr@sgep.com
610 617 2851
Vincenzo La Ruffa
vincenzo.laruffa@sgep.com
610 747 1761
Benedict Baerst
benedict.baerst@sgep.com
484 562 1036
David Daniel
david.daniel@sgep.com
484 562 1183
Keah Kalantari
keah.kalantari@sgep.com
484 562 1026
       
 

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