DH Buys Financial Software Maker Fundtech for $1.25 Billion
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DH Corp., a Canadian technology provider for banks, agreed to buy financial software maker Fundtech Ltd. for $1.25 billion from private equity firm GTCR.
The cash acquisition boosts DH’s presence in the U.S. and gives it access to banks outside of North America. The deal will add to earnings per share within a year of closing, expected in the second quarter, Toronto-based DH said Monday in a statement.