BROOKFIELD, Wis.-Fiserv has acquired RegEd, Inc., a provider of Internet-based compliance management systems and distance learning programs for the insurance and securities industries. RegEd recorded approximately $9 million in revenues in 2003. Details of the deal were not disclosed. As part of the acquisition, RegEd will take over the operations of Emerald Learning Solutions, a Fiserv distance learning organization that also serves the insurance and securities industries. RegEd, headquartered in Morrisville, North Carolina, has developed a line of intelligent, Internet-based products for clients to handle compliance regulations. These include an automated audit tracking system, online annual compliance questionnaire, customer complaint tracking tool, an advertising review module, and a securities registration and license management tool. RegEd provides course content, customer service, and the latest in tracking systems to more than 225,000 registered representatives at over 500 financial services companies.