Fiserv to acquire three firms

Fiserv, Inc., Brookfield, Wis., has announced an agreement to acquire JWGenesis Clearing Corp., a wholly owned subsidiary of JW Genesis Financial Corp., Boca Raton, Fla., and another to acquire two affiliated companies that provide specialized workers compensation administrative software systems for the insurance industry-Progressive Data Solutions Inc. (PDS) and Infinity Software Systems, Inc. (Infinity).

Fiserv said that the acquisition of JWGenesis will complement the growing portfolio of brokerage services available through the Fiserv Securities Processing Group.

"This agreement is part of the Fiserv strategy to build a significant presence in the correspondent …