Brentwood, Tennessee – (The Hosting News) – June 4, 2007 – Financial institution web hosting and design technology solutions firm, Goldleaf Financial Solutions, Inc., has acquired Springfield, Missouri-based financial software and services firm, DataTrade, which will become a business unit of Goldleaf, while members of the executive management team remain with the company.
Founded in 1990 as a banking software company, for the past sixteen years DataTrade has developed financial software solutions that automate and improve financial processes. DataTrade’s current banking and financial software offerings include remote deposit, checkscan, remittance/lockbox, voice response, report management and document imaging. In addition, DataTrade provides conversion services that specialize in digital-to-digital conversion and migration services for document images, check images, statements, computer output to laser disk (C.O.L.D) reports and data.
Lynn Boggs, CEO of Goldleaf Financial Solutions remarked, ”The value proposition of this acquisition is simple â€“ it brings new products to strengthen and broaden our product offering, while also expanding our customer base. For several years, through both acquisition and organic growth, Goldleaf has been strategically building one of the most comprehensive payment processing platforms in the market. This acquisition furthers that goal by expanding our presence and our customer reach in the transaction processing space.”
DataTrade has a history in legacy data conversion, and through its solutions, community banks that acquire item processing and data imaging can ensure legacy data is migrated and brought current. Colin McAllister, Chairman and CEO of DataTrade added, ”DataTrade has always been committed to providing the highest return on investment to our customers. Building out our respective product synergies to benefit the community bank marketplace is a key to this acquisition. Both our companies value end-to-end payments, and bringing our solutions together allows the community bank market to optimize their payment platform for maximum profitability.”
Mr. Boggs continued, ”By acquiring leaders in the payments space, we believe Goldleaf is building significant domain knowledge that allows us to offer greater flexibility and innovation in banking technology for our customers. As the payments space becomes more tightly integrated, Goldleaf is dedicated to giving customers more options to find solutions that meet their unique needs in todayâ€™s contracting market.”
Goldleaf Financial Solutions, Inc. (GFSI) offers a product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its suite of products and services allows financial institutions and small to medium-sized business customers to compete more effectively in today’s aggressive financial services marketplace, to grow trusted financial relationships and to enhance profitability through the efficient use of technology and an expanded community presence.
To learn more about Goldleaf Financial Solutions, please visit: www.goldleaf.com.