12 December 2017
visit www.aciworldwide.com

Goldleaf buys Alogent

17 January 2008  |  3465 views  |  0 handshake

Tennessee-based Goldleaf Financial Solutions has acquired Alogent Corporation, a provider of deposit automation technology to financial institutions, for a total consideration of $42.5 million.

Goldleaf says the purchases price consists of $32.9 million in cash, a $7 million convertible note at $4.50 per share and $2.6 million in common stock.

Founded in 1995, Atlanta-based Alogent sells technology that helps banks convert from paper-based to electronic payment processing.The firm's clients include HSBC, JPMorgan Chase, KeyBank and SunTrust.

Goldleaf, which provides Internet services to US community banks, says the deal will strengthen its position in converging payments and creates cross-selling opportunities.

Alogent will become a business unit of Goldleaf and some members of the management team will stay with the company.

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

Goldleaf CFO Polchin quits after just three months

Goldleaf CFO Polchin quits after just three months

21 November 2007  |  3106 views  |  0 comments
Goldleaf CFO quits

Goldleaf CFO quits

16 August 2007  |  3713 views  |  0 comments
SunTrust selects Alogent image exchange system

SunTrust selects Alogent image exchange system

19 May 2004  |  2207 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.aciworldwide.comvisit www.atos.net

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18953 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11736 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8523 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7020 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6505 views comments | 19 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job