Corrillian Corp. AcquiresInteliData

April 01, 2005, 1:00 a.m. EST 1 Min Read

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PORTLAND, Ore. - (04/01/05) Corillian Corp., a provider of onlinebanking and anti-fraud solutions has acquired InteliData, whichalso provides a suite of online banking, bill payment and creditcard solutions. The acquisition of InteliData establishesCorillian as the leading bill payment warehouse provider in theworld and one of the leading providers of online bill paymenttechnology, the company said following the announcment.Current InteliData customers include Bank of America, Wachovia,National City, and Bank of the West. The company has a staff of 48with offices in Reston, Va, Toledo, Ohio and Omaha, Neb. Under theterms of the agreement, Corillian will issue approximately4,918,032 shares of its common stock to the shareholders ofInteliData. Corillian will also pay $4.5 million in cash, subjectto certain adjustments.

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