Davis + Henderson Corporation (“D+H” or the “Corporation”) announced it has successfully completed the US$1.2 billion acquisition (the “Acquisition”) of Harland Financial Solutions (“HFS”), a leading U.S.-based provider of strategic technology, including lending and compliance, core banking, and channel management technology solutions.
 
With the Acquisition, D+H improves its competitive position by expanding its value-added suite of financial technology (“FinTech”) products for banks and credit unions and accelerates its strategy of being a leading North American FinTech provider. The complementary nature of D+H’s combined offering is expected to fuel product cross-selling synergies and new revenue opportunities by providing existing and new clients with a more powerful solutions set that they can use to grow, compete, meet compliance requirements and drive operational effectiveness. Inclusive of HFS, D+H now serves approximately 6,200 customers in North America and achieves greater revenue diversification by geography and service line.
 
“The enthusiastic support received in the capital markets and in our client markets since we announced the transaction is much appreciated and reflects the clear value creation potential of this transformational acquisition,” said Gerrard Schmid, CEO of D+H. “We look forward to using our complementary technologies and expanded capabilities to meet the broader needs of our combined client base of 6,200 and to forge an even stronger value proposition for the future as we concentrate on growing our presence among the 13,000 banks and credit unions who form our available market.”