Deluxe Corp. buys Calif-based VerticalResponse

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By Jake Anderson, Twin Cities Business

Deluxe Corporation on Thursday announced increased revenue and earnings for its second quarter and also disclosed that it has acquired a digital marketing company [VerticalResponse] for $27 million.

Shoreview-based Deluxe—which makes checks but in recent years has reinvented itself as a provider of more diversified solutions for small businesses—said that earnings for the quarter that ended June 30 totaled $48.2 million, or $0.94 per share, up nearly 14 percent from the same period a year ago. Revenue, meanwhile, climbed 2.8 percent to $381.4 million.”

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