SLM builds U.S. presence with Bankline acquisition

Article Abstract:

Bankline Holdings Inc., based in Kansas City, MO, has been acquired by SLM Software Inc., based in Toronto in Ontario, Canada, for $20 million. The deal encompasses the payment of $8.6 million in cash, while the rest of the amount will be paid through a combination of stock swaps and performance-based stock options at a strike price of $9.81. SLM Software offers electronic transaction management software to financial organizations, while it is understood that Bankline offers similar services to the US banking market.

Comment:

Acquires Bankling Holdigns Inc for $20 million

Software Publishers, Asset sales & divestitures, Business Software Pkgs (Micro), Business management software, Suites (Software), Article, Bankline Holdings Inc., SLM Software Inc.

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Celestica, Workbrain activity suggests tech could be back

Article Abstract:

The Celestica's purchase of Manufacturers' Services and initial public offering of Workbrain hints at growth of technology business.

Prepackaged software, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Securities issued, listed, Computer software industry, Software industry, Electrical equipment and supplies industry, Electric equipment industry, Mergers, acquisitions and divestments, Company acquisition/merger, Securities, Electronics industry, Company securities, Celestica Inc., CLS, Manufacturers' Services Ltd., Workbrain Inc.

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