Jul 28, 2014

Fiserv to Relocate; Create 500 Jobs in Alpharetta

Financial software maker will have its 2,000 existing jobs at six Atlanta-area locations consolidating in Alpharetta, with another 500 to be added in five years.

Fiserv to Relocate; Create 500 Jobs in Alpharetta
Fiserv, Inc., a leading global provider of financial services technology solutions headquartered in Brookfield, Wis., announced Friday that it has selected a new location in Alpharetta for its Atlanta-area operations.

The company, which currently employs approximately 2,000 associates across six locations in the metro Atlanta area, will add 500 jobs over the next five years.

The company, which has signed a lease for adjacent buildings located at 2900 and 2950 Westside Parkway, will also make an estimated capital investment of $41 million for facilities and equipment.

“As a leading location for technology-focused businesses, we are confident that Alpharetta will be just the right fit for Fiserv, and we welcome the company and their area associates to our city,” said Alpharetta Mayor David Belle Isle in a press release.

The new Alpharetta campus will provide Fiserv associates with all of the amenities of a modern office environment, and was selected due to its desirable location as well as its ability to accommodate existing needs and continued growth. Bringing associates currently working in separate locations together will further enhance productivity, collaboration and engagement.

The buildings will be occupied in phases, with associates expected to move from existing offices to Westside Parkway during 2015 and 2016.

Fiserv will modernize the building to ensure the new office location is a representation of the company’s brand experience. It will include a state-of-the-art client briefing and innovation center.

“Throughout our history, we have completed a number of acquisitions in the Atlanta area, which is a key technology center for Fiserv,” said Jeff Yabuki, President and CEO, Fiserv. “We are excited to bring our associates together in a collaborative and innovative environment supported by the latest workplace technology. Enhancing the connections among our associates will have a positive impact on their professional lives and enable us to best serve our clients.”

The new office environment will embody the Fiserv workplace of the future, elements of which have already been introduced at other Fiserv office locations in California and New Jersey. This workplace approach emphasizes the creation of optimal business settings based on associates’ roles and how they work in order to enable individual and team success.

“Fiserv has had a presence in Georgia for more than two decades, and has become one of the largest technology employers in our state,” said Governor Nathan Deal. “The fact that Fiserv has chosen to retain and grow their operations in Georgia is a testament to the positive corporate climate of our state.”

The company received undisclosed state economic incentives, in addition to a city job creation grant to hire city residents residents.

Last year in Alpharetta, job creation incentives were approved for new or existing businesses that created two or more jobs within a certain Opportunity Zone. The jobs tax credit can be taken against the business’s Georgia income tax liability and payroll withholding tax. The maximum job tax credit allowed under Georgia law is $3,500 per job created. To qualify for the jobs tax credit, businesses must be within the defined boundaries of Alpharetta’s Opportunity Zone and the jobs must meet three criteria listed here.

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