CFI Proservices Inc., one of the largest compliance software companies in the country, has acquired Texas/Southwest Technology Group Inc., Houston.
TSTG has an expertise in networking newer personal computers with older mainframe systems. It also brings several loan processing software products and an automated clearing house product to CFI, Portland, Ore.
The acquisition will allow CFI to help its 3,100 bank customers move to more sophisticated technology while maintaining hardware that still works, said Matthew Chapman, chief executive officer.
"Through our alliance with TSTG, CFI can more easily develop these critical client/server connections between our PC-based software products and an institution's existing mainframe systems," Mr. Chapman said.