TORONTO Canadian check printer Davis + Henderson, poised to complete the acquisition of Harland Financial Solutions from U.S. check printer Harland Clarke, reported a decline in second quarter profits to $13.6 million, from $20.9 million a year ago.
Second quarter revenue increased 9%, to $197.1 million, for the parent of Mortgagebot and Compushare.
D+H said it hopes to complete the $1.2-billion acquisition of Harland Financial, a provider of services for 5,400 credit unions and community banks, on Aug. 15.
The Harland Financial deal is subject to regulatory approval, U.S. and other conditions.
Earlier this year, D+H acquired full ownership of California-based Compushare Inc., as part of its strategic focus on financial technology services. Compushare uses online technology to assist financial institutions control costs and improve efficiency as they prepare for increased compliance requirements.
