Fiserv Inc., a technology solutions provider to financial institutions, announced the acquisition of Mobile Commerce Ltd., or M-Com, a mobile banking and payments provider. The acquisition will allow Fiserv to expand its mobile product offerings and leverage M-Com's mobile banking and payment solutions to its existing customers as well as for new products. Additionally, M-Com will have access to Fiserv's expertise, resources and investments in mobile financial services.

M-Com CEO Adam Clark said, "Offering robust services through the mobile channel is now critical for financial institutions." He added that Fiserv's acquisition of M-Com would allow the company to continue to deliver its services in the mobile space. 

No financial terms were disclosed. Under the agreement, all M-Com employees will join Fiserv. 

Fiserv is headquarted in Brookfield, Wis. M-Com is based in Atlanta, Ga., with offices in New Zealand.