Metavante Corp., Milwaukee, has acquired origination vendor GHR Systems, Wayne, Pa., and TREEV LLC, a document imaging/management vendor based in Herndon, Va.Both will become subsidiaries of Metavante, and no name change is planned for either company. Metavante said it paid $19.5 for TREEV, of which approximately $17.6 million will be funded using Marshall & Ilsley Corp. common stock. Metavante also disclosed that it paid $65 million for GHR, of which approximately $55 million will be funded using Marshall & Ilsley Corp. common stock. Both deals are expected to close in the third quarter. The management teams at both GHR and TREEV will remain intact. Metavante can be found on the Web at http://www.metavante.com.
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