M&A Deal Summary

Harland Financial Solutions Acquires Intrieve

On April 4, 2005, Harland Financial Solutions acquired information technology company Intrieve for 78M USD

Acquisition Highlights
  • This is Harland Financial Solutions’ 2nd transaction in the Information Technology sector.
  • This is Harland Financial Solutions’ largest (disclosed) transaction.
  • This is Harland Financial Solutions’ 2nd transaction in the United States.
  • This is Harland Financial Solutions’ 1st transaction in Ohio.

M&A Deal Summary

Date 2005-04-04
Target Intrieve
Sector Information Technology
Buyer(s) Harland Financial Solutions
Deal Type Add-on Acquisition
Deal Value 78M USD

Target

Intrieve

Cincinnati, Ohio, United States
Intrieve, Inc. is a provider of financial management software, turnkey check and MICR document printing systems, and a datacenter operation that provides co-location and hot-site disaster recovery services.

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Buyer(S) 1

Buyer

Harland Financial Solutions

Lake Mary, Florida, United States

Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

Harland Financial Solutions supplies software and services to approximately 28,000 clients, including financial institutions of all sizes. Its products and services include lending and mortgage origination and servicing applications, business intelligence solutions, customer relationship management software, branch automation solutions and core processing systems and services, principally targeted to community banks and credit unions. Harland Financial Solutions is the leader in lending and mortgage compliance software, business intelligence/CRM software for community banks and credit unions, and branch automation software.


DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-23 Sparak Financial Systems

Fargo, Georgia, United States

Sparak Financial Systems LLC is a provider of integrated computer systems for community banks.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Financialware

Carmel, Indiana, United States

Financialware, Inc. is a provider of financial services.

Buy -