Harland Financial Will Buy Tech Provider

Share this article:
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.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions