Headlines:
Corillian Has 3-Year Deal with Getronics Private Business Inc. Proposes New Name Advanced Payment Going with Global
Corillian Has 3-Year Deal with Getronics
The Dutch banking software vendor Getronics NV announced Monday that it will market online banking software from Corillian Corp.
Alex Hart, Corillian's chief executive, said in an interview Friday that the three-year deal will help his company reach new markets worldwide. Corillian has some customers outside the United States, but they are "a relatively small percentage" of its customer base, he said.
Getronics will resell and install the Portland, Ore., company's Voyager e-banking software.
Corillian sold its software abroad during the Internet boom years of the late 1990s and early 2000s and resumed selling abroad about a year ago. "There is certainly a larger focus on international opportunities" today, Mr. Hart said.
Corillian and Getronics began an "active selling cycle" about six weeks ago but have not yet signed any customers, he said.
Paul Jameson, Getronics' vice president of marketing and strategy, said customers had requested an Internet banking system that would work alongside Getronics' browser-based GlobalFS branch automation software.
"We had clients that had talked about taking GlobalFS and using it as their online platform," he said. Getronics "looked and looked" for a compatible product and "even considered acquisitions," he said.
Corillian's technology is "an absolute glove-fit for us," Mr. Jameson said. "There's no redundancy."
Private Business Inc. Proposes New Name
Private Business Inc., which bought Goldleaf Technologies Inc. in January, is proposing a new name for itself: Goldleaf Financial Solutions Inc.
The proposal will be put to a vote in May at the Brentwood, Tenn., company's annual shareholder meeting, PBiz said Thursday.
PBiz bought Goldleaf, a provider of automated clearing house and remote-deposit systems, for $16.8 million in cash and $350,000 in stock.
PBiz sells payments software to banks to resell to their customers, such as practice-management software for doctors, and has been expanding its payments product line through acquisition. Lynn Boggs, its chief executive, said in a press release that his company wants its name to match its "vision."
"The Goldleaf name is well regarded and respected in the financial technology marketplace."
Goldleaf capped a series of acquisitions that gave PBiz a broader line of financial products. It bought Captiva Solutions LLC, an Atlanta core data and item processor, in December, and the Bradenton, Fla., teller-automation software vendor PTC Banking Systems Inc. in January.
PBiz also announced its fourth-quarter and 2005 year last week. Its revenue for the quarter rose 4% from a year earlier, to $10.1 million, operating income fell 29%, to $1 million, and net income was $74,000, or zero cents a share, down from to $283,000, or 2 cents per share a year earlier.
Revenue for the year fell 3%, to $38.4 million, and operating income rose 46%, to $4.1 million.
Net income in 2005 was $175,000, versus $514,000.
Advanced Payment Going with Global
Global Payments Inc. announced it will provide authorization, capture, and settlement processing services for the independent sales organization Advanced Payment Solutions LLC.
Debbie Bowles, Advanced Payment Solutions' chief manager, said Friday in a press release from Global that Advanced was impressed by the Atlanta processor's service, availability, and pricing. "Our reputation is our most important asset," she said. "Therefore, our relationships with our merchants and vendors are an extension of those values."
Advanced Payment Solutions was founded in 1999 and is based in Nashville.
