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Fiserv sells half of insurance business to Trident IV

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BROOKFIELD, Wis. (7/16/08)--Fiserv announced that it has sold half of its insurance business, Fiserv Insurance Solutions, to Trident IV, a private equity fund managed by Stone Point Capital LLC. Fiserv received about $510 million in net after-tax proceeds. Stone Point Capital is a global private equity firm based in Greenwich, Conn. Fiserv is a provider of information technology solutions for financial institutions including credit unions.