Harland Financial Will Buy Tech ProviderHarland 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.