Davis + Henderson purchases outstanding shares of Compushare Inc., a leading cloud computing provider to the U.S. Financial

 Davis + Henderson purchases outstanding shares of Compushare Inc., a leading
       cloud computing provider to the U.S. Financial Services Industry

PR Newswire

TORONTO, Jan. 30, 2013

TORONTO, Jan. 30, 2013 /PRNewswire/ - Davis + Henderson Corporation (TSX:DH)
today announced that it has exercised its option to purchase all outstanding
shares of Santa Ana, California-based Compushare Inc., a technology management
and cloud computing provider to financial institutions. Building on its
initial minority investment in the company announced on April 24, 2012,
today's transaction gives D+H one hundred per cent ownership of Compushare.
Financial terms were not disclosed, and while not material to D+H's financial
position the transaction is accretive to shareholders.

"Compushare's capabilities are an excellent complement to D+H's existing
service portfolio for U.S. Community Banks and Credit Unions and will better
position us as a leading solutions provider to the North American financial
services industry," said Gerrard Schmid, CEO, D+H. "We are pleased with the
success Compushare has experienced with their high level of client adoption
for their cloud computing solution, and on the positive impact our investment
in Compushare has had on the business over the past several months. D+H now
supports over 1,700 community banking and credit union customers in the United
States, and we look forward to seeing the results of our continued investment
in the U.S. as D+H executes its strategy and expands its presence in the North
American FinTech industry."

Compushare offers a full suite of technology solutions that assist community
banks, credit unions and other financial services providers in controlling
costs, increasing efficiencies and preparing for increased compliance
requirements. Compushare currently serves approximately 385 customers
throughout the United States with these solutions.

"Since welcoming D+H as an investor, we have built a very positive
relationship together over the past several months and have identified many
opportunities to leverage D+H's capabilities and to continue to grow our
presence in the market" said Romir Bosu, CEO of Compushare. "We are excited to
be joining the D+H team and look forward to continuing to serve our customers
with the same level of service and success, while continuing to expand our
service offering and client base."

About D+H

Founded in 1875, D+H is a leading solutions provider to the North American
financial services marketplace, providing innovative technology-based
programs, products and business services tailored to our customers' needs. A
deeply rooted tradition of developing and nurturing valued customer
relationships and a broad set of integrated solutions position D+H for ongoing
growth in our chosen markets. In 2012, D+H rose to 35th on the FinTech 100, a
ranking of the top technology providers to the global financial services
industry.

For more information about D+H visit www.dhltd.com

About Compushare

Compushare is the leading provider of high quality, innovative technology and
compliance solutions for the financial market. Whether it's providing a
totally outsourced cloud computing solution or assisting with the management
of your technology or IT strategic plan, Compushare takes a consultative
approach to its solutions. With more than 17 years of technology experience
supporting over 800 financial clients nationwide, Compushare is an SSAE 16 SOC
2 Type II, FFIEC reviewed, and preferred partner with many major providers
such as The Independent Community Bankers Association of America (ICBA). From
our leadership team to the members of our service delivery team, our array of
knowledge, certifications and practical expertise is unrivaled in the
Financial Services Industry.

Learn more about Compushare, Inc. at www.compushare.com.

Forward-Looking Information

This press release contains certain statements that constitute forward-looking
information within the meaning of applicable securities laws ("forward-looking
statements"). Statements concerning D+H's objectives, goals, strategies,
intentions, plans, beliefs, expectations and estimates, and the business,
operations, financial performance and condition of D+H are forward-looking
statements. The words "believe", "expect", "anticipate", "estimate", "intend",
"may", "will", "would" and similar expressions and the negative of such
expressions are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words. These
forward-looking statements are subject to important assumptions, including the
following specific assumptions: the ability of D+H to meet its revenue,
EBITDA, Adjusted EBITDA and Adjusted net income targets; general industry and
economic conditions; changes in D+H's relationship with its customers and
suppliers; pricing pressures and other competitive factors; the anticipated
effect of acquisitions on the financial performance of D+H; and the expected
benefits arising as a result of the acquisitions. D+H has also made certain
macroeconomic and general industry assumptions in the preparation of such
forward-looking statements. While D+H considers these factors and assumptions
to be reasonable based on information currently available, there can be no
assurance that actual results will be consistent with these forward-looking
statements.

Forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements
of the Business, or developments in D+H's industry, to differ materially from
the anticipated results, performance, achievements or developments expressed
or implied by such forward-looking statements.

Risks related to forward-looking statements include, among other things,
challenges presented by declines in the use of personal and business cheques;
D+H's dependence on a limited number of large financial institution customers
and dependence on their acceptance of new programs; strategic initiatives
being undertaken to meet D+H's financial objective; stability and growth in
the real estate, mortgage and lending markets; as well as general market
conditions, including economic and interest rate dynamics. Given these
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. The documents incorporated by reference herein
also identify additional factors that could affect the operating results and
performance of D+H. Forward-looking statements are based on management's
current plans, estimates, projections, beliefs and opinions, and D+H does not
undertake any obligation to update forward-looking statements should
assumptions related to these plans, estimates, projections, beliefs and
opinions change except as required by applicable securities laws.

All of the forward-looking statements made in this press release are qualified
by these cautionary statements and other cautionary statements or factors
contained herein, and there can be no assurance that the actual results or
developments will be realized or, even if substantially realized, that they
will have the expected consequences to, or effects on, D+H.

SOURCE Davis + Henderson Corporation

Contact:

MEDIA CONTACTS:
Melissa Dinsmore, D+H
Melissa.Dinsmore@dhltd.com

Tannis Baldock
Hill+Knowlton Strategies for D+H
Tannis.Baldock@hkstrategies.ca

INVESTOR CONTACT:
Brian Kyle, D+H
investorrelations@dhltd.com
 
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