TORONTO—DH Corporation (D+H) said it has successfully completed the $1.25-billion acquisition of Fundtech, a provider of global payments solutions to financial institutions worldwide.
The company said the acquisition solidifies its position as a leading global FinTech provider with a strategic expansion into global payments, and marks a continuation of D+H's long-term growth strategy, which builds on strategic advances realized through Harland Financial Solutions and other prior acquisitions. D+H said it now serves nearly 8,000 clients, including 190 of the top 300 U.S. banks, nine of the top 10 U.S. banks, and 32 of the top 50 global banks.
"The enthusiastic support we have received from both D+H and Fundtech clients since we announced the transaction reflects the clear value creation potential of this acquisition," said D+H chief executive officer Gerrard Schmid. "We look forward to leveraging our comprehensive portfolio of innovative technology solutions to meet the broader needs of our combined client base as we deliver an even stronger value proposition and focus on growing our presence on a global scale."