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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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