MILWAUKEE -Metavante is clearly trying to grow throughacquisitions. The company recently announced plans to acquireAddison, Texas-based VECTORsgi. VECTORsgi is a provider of bankingtransaction applications, including electronic check-imageprocessing and image exchange, item processing, dispute resolutionand e-commerce solutions for financial institutions andcorporations. VECTORsgi's technology is used by each of the top 10,and 41 of the top 50 financial institutions in the United States.The transaction is expected to close in November 2004. Metavante, atechnology subsidiary of banking corporation Marshall &Illsley, will pay $100 million in cash for VECTORsgi, with anotherpotential $35 million to be paid based on it meeting certainperformance criteria. "Because it serves many of the largestfinancial institutions in the United States, the acquisition ofVECTORsgi complements our acquisition earlier this year of AdvancedFinancial Solutions, as both companies specialize in providingelectronic check-imaging technology. With this combination, we willhave in place the industry's most comprehensive suite ofapplications to address Check 21 needs and beyond, includingdistributed capture, image-archiving, and workflow solutionsincluding research, kite and fraud detection," said Frank R.Martire, Metavante president and chief executive officer. Martireis a former Fiserv executive.