Source: Corillian
Corillian Corp. (NASDAQ: CORI), the market leader of online banking, bill payment and anti-fraud solutions for leading financial institutions, today announced it has completed its acquisitions of InteliData Technologies Corporation (NASDAQ: INTD), a leading provider of online banking, bill payment and credit card services, and privately-held qbt Systems, a leading provider of real-time integration software.
As part of the acquisition of InteliData, Corillian will issue approximately 4.9 million shares of common stock and approximately $4.3 million of cash to the shareholders of InteliData. As part of the acquisition of qbt Systems, Corillian issued 649,785 shares of common stock and approximately $3.2 million in cash to the shareholders of qbt Systems.
"I am extremely pleased to officially welcome the employees, clients and partners of InteliData and qbt Systems to Corillian," said Alex Hart, president and CEO of Corillian. "We are excited about the opportunities ahead of us in the new and expanding markets we are approaching as a joint organization and we look forward to building on the success that these companies have established."