Davis + Henderson completes aquisition of Harland Financial Services
Davis + Henderson Corp. completed its $1.2 billion acquisition of Harland Financial Solutions, a provider of lending and compliance technology solutions.
The acquisition gives D+H more compliance solutions, banking technology, and 5,400 U.S. bank and credit union clients, bringing its total client base to more than 6,200 financial firms.
The pro form 2012 combined annual revenue of both firms reached $1.1 billion, with 90% of that recurring in nature.
"We look forward to using our complementary technologies and expanded capabilities to meet the broader needs of our combined client base of 6,200," said Gerrard Schmid, CEO of D+H.