Accurate Software, a UK-based provider of reconciliation, exception management, workflow and business intelligence solutions has been acquired by CheckFree and it will become part of the company’s Software Division. The acquisition is aimed at expanding the CheckFree’s global presence and client base, and drive product development in operational risk management solutions for banks, securities firms and corporations. CheckFree purchased all of the outstanding shares of Accurate for approximately $56m in cash, subject to certain post-closing adjustments. The acquisition was completed on 30 April 2005.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.