News

First Interstate sells data business for $40 million

December 16, 2008 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

First Interstate BancSystem https://www.firstinterstatebank.com/ of Billings is selling its i-Tech subsidiary that processes accounts and payments for other companies.

The sale for $40 million is expected to close Dec. 31 and the buyer is Fiserv, Inc. http://www.fiserv.com/ , based in Brookfield, Wisc.

Fiserv is a Fortune 500 company providing information technology services to the financial industry.

By JAN FALSTAD
Of The Gazette Staff

Full Story: http://www.billingsgazette.net/articles/2008/12/16/news/local/20-firstinterstate.txt

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