CheckFree Corp buys Integrated Decision Systems for $18m

CheckFree Corp buys Integrated Decision Systems for $18m

US e-payments vendor CheckFree Corporation has acquired Integrated Decision Systems (IDS), a New York-based provider of portfolio management software, for $18 million in cash.

The IDS business will be integrated with CheckFree's investment services division, which provides technology and processing services to brokers, money managers and investment consultants.

Atlanta-based CheckFree says the IDS unit will provide additional technology, including new reporting tools to service participants in the separately managed account industry for large-scale performance reporting.

CheckFree says it expects the transaction to lower earnings by about three cents per share for fiscal 2006, with minimal impact expected on free cash flow.
The vendor expects to post fiscal 2006 earnings of $1.08 to $1.13 per share, or $1.50 to $1.54 excluding items.

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