Harland Financial Will Buy Tech Provider

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Harland Financial Solutions Inc., a customer relationship management vendor focused on the banking industry, said yesterday that it will acquire Interlinq Software Corp., a technology provider that helps organizations manage complex, information-intensive business transactions.


Harland said it signed a definitive agreement to acquire the Seattle-based Interlinq for $6.25 per share. The total purchase price is expected to be about $34 million, including fees and expenses, less Interlinq's cash balance of about $10 million.


Harland expects the acquisition to close in the fourth quarter, subject to approval by Interlinq shareholders. The acquisition is expected to be accretive to earnings within 12 months.


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