CheckFree Closes Acquisition of Upstream Technologies LLC
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ATLANTA, May 31 / -- CheckFree Corporation (NASDAQ:CKFR) today announced that it has completed its acquisition of substantially all of the assets of Upstream Technologies LLC, a Boston-based provider of advanced investment decision support and trade order management tools. The business will be integrated with the company's Investment Services Division, which provides the market-leading platform for the managed accounts industry, and is headquartered in Jersey City, N.J.
About CheckFree (www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer the convenience of receiving and paying household bills online, via phone or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to hundreds of financial services organizations, which manage about $1.8 trillion in assets. CheckFree Software develops, markets and supports payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide.
Source: CheckFree Corporation
CONTACT:Judy DeRango Wicks, +1-678-375-1595, jdwicks@checkfree.com, or Investor Relations, Tina Moore, +1-678-375-1278, tmoore@checkfree.com, both of CheckFree Corporation
Web site: http://www.checkfreecorp.com/
