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M&A Deal Summary

ProfitStars Acquires AudioTel

On October 2, 2007, ProfitStars acquired software company AudioTel

Acquisition Highlights
  • This is ProfitStars’ 1st transaction in the Software sector.
  • This is ProfitStars’ 2nd transaction in the United States.
  • This is ProfitStars’ 1st transaction in Texas.

M&A Deal Summary
Date 2007-10-02
Target AudioTel
Sector Software
Buyer(s) ProfitStars
Deal Type Add-on Acquisition

Target

AudioTel

Addison, Texas, United States
AudioTel supports more than 1,000 financial institutions with back-office and retail banking solutions. AudioTel provides proven remittance, merchant capture, check imaging, document imaging and management, and telephone and Internet banking solutions.

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Buyer(S) 1

Buyer

ProfitStars

Dallas,, Texas, United States
Category Company
Founded 1983
Sector Software
DESCRIPTION

ProfitStars, Inc.provides highly specialized products and services that enable financial institutions

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 US Banking Alliance

Atlanta,, Georgia, United States

US Banking Alliance enable banks to increase earnings and support quality balance sheet growth by implementing greater pricing discipline.

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