19 October 2017
visit www.avoka.com

CheckFree acquires Heliograph

03 November 2003  |  9425 views  |  0 CheckFree acquires Heliograph

CheckFree has acquired all the outstanding shares of UK STP and financial messaging vendor Heliograph for $18.3 million in cash.

HelioGraph will be merged with CheckFree's Financial and Compliance Solutions (CFACS) business unit.

Under the deal, HelioGraph will retain its management team, base of 50 employees and offices in London.

Checkfree will add HelioGraph's suite of financial messaging, transaction management, corporate actions and trade status tracking products to CFACS' enterprise reconciliation and matching platform.

CheckFree says the combination of its products with Heliograph's will enable it to deliver a comprehensive, global enterprise financial transaction management system that will allow clients to achieve more streamlined transaction settlements, as well as centralised information and exception management.

Sean Feeney, executive vice president and general manager of CheckFree's software division, says: "With a single provider, companies can manage the end-to-end transaction lifecycle to track trade status, confirm transaction settlement, reconcile transactions, manage exceptions and risk and provide real-time reporting.

"The new solution not only addresses straight-through processing, but other crucial business issues, such as business process optimisation and risk management."

CheckFree says the acquisition of HelioGraph - a company with trailing twelve months revenue of approximately $8.0 million - reflects its commitment to grow its software business and strengthen its international presence. Its CFACS division recently announced the opening of a London office to directly market CheckFree's Recon-Plus Frontier software internationally.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CheckFree to pilot Web securities reconciliation

CheckFree to pilot Web securities reconciliation

23 October 2003  |  3804 views  |  0 comments
HelioGraph launches TradeFlow TPM, wins new Indonesian client

HelioGraph launches TradeFlow TPM, wins new Indonesian client

21 October 2003  |  3883 views  |  0 comments
CheckFree appoints SunGard's David Pheasant sales director, EMEA & APAC

CheckFree appoints SunGard's David Pheasant sales director, EMEA & APAC

13 October 2003  |  5409 views  |  0 comments
SunGard acquires reconciliation source code rights from CheckFree

SunGard acquires reconciliation source code rights from CheckFree

06 October 2003  |  6023 views  |  0 comments
Framlington licenses HelioGraph's TradeFlow

Framlington licenses HelioGraph's TradeFlow

29 September 2003  |  2936 views  |  0 comments
CheckFree expands reconciliations presence in Europe

CheckFree expands reconciliations presence in Europe

16 September 2003  |  3839 views  |  0 comments
CheckFree appoints Martin Pearce exec director, business development

CheckFree appoints Martin Pearce exec director, business development

03 September 2003  |  3486 views  |  0 comments
Thomson Financial adds CheckFree separate account data to One Advisor

Thomson Financial adds CheckFree separate account data to One Advisor

28 August 2003  |  4007 views  |  0 comments
OFI selects CheckFree's M-Pact for separately managed accounts business

OFI selects CheckFree's M-Pact for separately managed accounts business

18 August 2003  |  3102 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15757 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8922 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8008 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7116 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6266 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job