On December 16, 2020, Fiserv, Inc., a provider of financial services technology solutions, announced that it signed a definitive agreement to acquire Ondot Systems, Inc., a digital experience platform for financial institutions. Wilson Sonsini Goodrich & Rosati represented Ondot in the transaction.
Founded in 2011, Ondot processes more than 1 billion transactions per month and provides digital capabilities for over 20 million cards. The integration of Ondot will further expand Fiserv digital capabilities, enhancing its suite of integrated solutions to enable clients to deliver friction-less, digital-first, personalized experiences to their customers.
The transaction is subject to customary approvals and closing conditions and is expected to close in the first quarter of 2021. Financial terms of the transaction were not disclosed.
The Wilson Sonsini team advising Ondot includes the following attorneys:
Corporate/M&A
Larry Sonsini, Senior and Founding Partner
Tony Jeffries, Partner
Doug Schnell, Partner
Broderick Henry, Associate
Justin Lu, Associate
Julian Sarafian, Associate
Raymond Singson, Staff Attorney
Technology Transactions
Christopher Paniewski, Partner
Sean Withall, Associate
Employee Benefits and Compensation
Scott McCall, Partner
Michael Klippert, Associate
Tax
Myra Sutanto Shen, Partner
Joe Mandry, Associate
Employment Law
Rebecca Stuart, Partner-Elect
Andrew Velazquez, Associate
IP Litigation
Ryan Smith, Partner
Antitrust
Jamillia Ferris, Partner
Christopher Williams, Senior Counsel
Matthew McDonald, Associate
Please see Fiserv’s news release for more information.