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Harland Financial Solutions, announced that it has completed
the previously announced acquisition of Cincinnati-based Intrieve,
Incorporated. The purchase price was $78 million.
Harland
Financial Solutions' latest acquisition expands its product
and service lineup to include outsourced core processing for
more than 150 thrifts and community banks, comprehensive item
processing, and electronic banking and payments processing.
The acquisition also includes in-house financial management
software, turnkey check and MICR document printing systems,
and a datacenter operation that provides co-location and hot-site
disaster recovery services.
With
the addition of Intrieve's client base, Harland Financial
Solutions' Core Systems Group now serves over 1,200 financial
institutions. Beth Basil has been named the senior vice president
and general manager of the Intrieve group, and will report
directly to Raju Shivdasani, president of Harland Financial
Solutions' Core Systems Group.
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