Harland Acquires Premier Systems
Harland Financial Solutions said it has extended its core systems offering with the acquisition of
Iowa-based Premier Systems, Inc.
The deal gives Harland service bureau delivery technology, the company said.
PSI is a provider of core processing service bureau deliverables that are based on Harland's ULTRADATA System.
Harland acquired the stock of PSI from the Iowa Credit Union League for $16 million in cash. Harland said the acquisition is expected to have a neutral effect on earnings during the first 12-months.
PSI delivers the ULTRADATA System as an online service bureau to 229 credit unions in the United States.
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