Deluxe buys Wisconsin fintech software co. for $90 million



Via News Release

Deluxe Corporation (NYSE: DLX) today announced the acquisition of Wausau Financial Systems (WAUSAU), a market share leader in receivables management for commercial banks and major corporations.

The all cash acquisition closed on October 22; it was announced this morning during Deluxe’s Q3 financial results call with investors. By providing a broader and deeper range of financial technology solutions (FinTech) to both the retail and commercial sides of the market, the purchase of WAUSAU is an important step in the evolution of Deluxe’s Financial Services Segment to becoming a more diverse provider in the highly competitive FinTech marketplace.”

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