Tuesday, January 2, 2007
Carreker Acquired By CheckFree
CheckFree said today that it has acquired Dallas, Texas-based Carreker Corporation, a provider of payment technology and consulting services, in a deal worth $206M. CheckFree said that the acquisition will significantly expand its software business and consulting expertise. CheckFree said it will acquire all outstanding shares of Carreker common stock at $8.05 per share. Carreker had revenues of $116.6M in fiscal 2005. The acquisition is expected to close by March 31, 2007.