M&A Deal Summary

Corillian Corp Acquires qbt Systems

On August 9, 2005, Corillian Corp acquired software company qbt Systems for 4M USD

Acquisition Highlights
  • This is Corillian Corp’s 1st transaction in the Software sector.
  • This is Corillian Corp’s largest (disclosed) transaction.
  • This is Corillian Corp’s 2nd transaction in the United States.
  • This is Corillian Corp’s 1st transaction in New York.

M&A Deal Summary
Date 2005-08-09
Target qbt Systems
Sector Software
Buyer(s) Corillian Corp
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

qbt Systems

New York, New York, United States
qbt Systems, Inc. is a provider of real-time financial services integration software.

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Buyer(S) 1

Buyer

Corillian Corp

Hillsboro, Oregon, United States

website

Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

Develops solutions for financial institutions to offer customers online banking, electronic bill presentment and payment, and small business banking applications via the Internet.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-24 Hatcher Associates

Los Angeles, California, United States

Hatcher Associates, Inc. provides technical implementation, integration, and project management services to the banking IT industry.

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