D&H Buys Financial Tech Rival Harland In $1.2B Cash Deal

Law360, Los Angeles (July 23, 2013, 9:25 PM EDT) -- Davis & Henderson Corp. bought fellow financial technology provider Harland Financial Solutions Inc. in a $1.2 billion deal that expanded the Toronto-based company’s clout in the North American market, D&H confirmed Tuesday.

D&H paid cash for the deal, which merges two financial technology firms that specialize in different areas of services for financial institutions, D&H said in a statement. Florida-based Harland specializes in lending compliance and core banking technology that allows banks to handle functions such as mobile deposits, while D&H works more in client insight...
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