Checkfree Acquires Heliograph, Boosting Corporate Actions Capability

Checkfree Corp., a financial data management company based in Atlanta, has acquired Heliograph, a London-based financial messaging and corporate actions processing company. Checkfree will pay $18.3 million for all Heliograph shares outstanding. Heliograph, which has annual revenues of around $8 million, will be merged into Checkfree’s Financial and Compliance Solutions (CFCS) unit, part of its software division. The deal gives Checkfree substantial presence in the corporate actions processing space and adds to its international presence. CFCS recently opened a London office to market the RECON-Plus Frontier reconciliation solution.