Checkfree Holdings Corp.'s purchase of Mobius Group for $18 million in stock is expected to raise the profile of Checkfree's investment services unit.

Privately held Mobius, with $6.6 million of 1998 revenue, is to be added to the unit created in May 1996 when Atlanta-based Checkfree bought Security APL Inc.

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.