Corillian CompletesTransformation

August 22, 2005, 1:00 a.m. EDT 1 Min Read

PORTLAND, Ore. - (08/22/05) -- Corillian Corp. said it hascompleted a major transformation of the company with theacquisitions of InteliData Technologies Corp. and qbt Systems. Thedeals will add InteliData's online banking, bill payment and creditcard services businesses and qbt's real-time integration andfledgling credit union business. Corillian paid about $20 millionfor InteliData, comprised of 4.9 million shares valued at $16million, and $4.3 million in cash; and $3.2 million in cash forqbt.

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