The market has reacted favorably to Edify Corp.'s plan to buy a minority stake in e-Profile, an outsourcing subsidiary of Sanchez Computer Associates Inc.

The stock of Edify, a Santa Clara, Calif.-based developer of Internet banking software, closed at $9.375 Friday, up from $7.75 a week earlier.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.