The sale of Harland Financial Solutions to Davis + HendersonCorp. is now complete, three weeks after it was announced, theCanadian company said Friday.
|Toronto-based D+H said it paid about $1.2 billion to buy LakeMary, Fla.-based HFS from Harland Clarke Holdings Corp.
|“We look forward to using our complementary technologiesand expanded capabilities to meet the broader needs of our combinedclient base of 6,200 and to forge an even stronger valueproposition for the future as we concentrate on growing our presence among the 13,000 banksand credit unions who form our available market,” Gerrard Schmid,CEO of D+H, said in Friday's announcement.
|HFS said it has about 5,400 credit union and bank clients in theUnited States, including several hundred credit unions that run theUltraData core processing platform, as well as users of theMortgagebot point-of-sale and loan origination systems and theLaserPro automated loan compliance solution.
|It's the Canadian's company's first core processing offering.D+H cited its interest in the PhoenixEFE core processing platform, a business-services basedplatform used by community banks, in the acquisition.
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