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.
A-Team Insight Blogs
Checkfree Acquires Heliograph, Boosting Corporate Actions Capability
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Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.
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