Broadway & Seymour Inc., the Charlotte, N.C.-based software and systems integration firm, has struck marketing agreements with two major bank software vendors.
Under terms of the two unrelated deals, Broadway & Seymour will market the products of Sterling Software Inc. and Financial Technology Inc. as complements to Broadway & Seymour's core banking software, known as Liberty.
Sterling's cash management products, which came to the Dallas-based company as the result of a recent acquisition of Maxxus Inc., will form the core Broadway & Seymour's offering in that area.
Applications in the Sterling-Maxxus product line include balance reporting, account reconciliation, stop payments, E-mail, and wire transfer.
"Our cash management, ACH, and wire applications are natural complements to Broadway & Seymour's transaction processing system," asserted John Fountain, a spokesman for Sterling.
Financial Technology, based in Chicago, specializes in profitability and executive information systems. Its profitability system can focus on customer segments, products, or whole organizations.
The executive information system provides top level managers with key financial measurements that can be represented graphically.
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The payment systems firm National Data Corp. has announced the filing of a registration statement with the Securities and Exchange Commission for a public offering of 2.75 million shares of common stock.
Goldman, Sachs & Co. and Salomon Brothers Inc. will underwrite the offering, company officials said. National Data has also granted the underwriters an option to purchase up to an additional 412,500 shares to cover over-allotments.
"Proceeds from this offering will be added to the company's working capital and be available for general corporate purposes, including acquisitions," said Robert A. Yellowlees, the company's chairman and chief executive.
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Technology outsourcer Fiserv Inc. announced last week that it had completed its previously announced agreement to acquire bank software firm Information Technology Inc., based in Lincoln, Neb.
The acquisition, priced at $373 million, is Milwaukee-based Fiserv's biggest to date. ITI is one of the nation's leading suppliers of core accounting software for community banks.
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The board of directors at Jack Henry & Associates, based in Monett, Mo., declared a quarterly cash dividend of $.0575 a share on common stock.
On April 30, the company - which provides in-house bank software systems to almost 955 financial institutions worldwide - had 11,720,028 shares of common stock outstanding.
