Metavante Completes GHR Acquisition
August 11 2005 - 5:05PM
PR Newswire (US)
Adds Consumer and Residential Mortgage Origination Services
MILWAUKEE, Aug. 11 /PRNewswire-FirstCall/ -- Metavante Corporation,
the financial technology subsidiary of Marshall & Ilsley
Corporation (NYSE:MI), has completed its acquisition, announced in
June, of Wayne, Pa.-based GHR Systems, Inc., a leading provider of
loan origination solutions for the residential mortgage and
consumer finance industries that offers point-of-sale products and
comprehensive underwriting, processing and closing technology. GHR
Systems will become a Metavante subsidiary. "As a leading provider
of consumer finance and mortgage origination products and services,
GHR will bring one of the most proven technology and market-leading
solutions to our clients," said Frank R. Martire, Metavante
president and chief executive officer. "GHR has focused on the
top-100 bank market, which is important to Metavante. GHR's broad
client base includes four of the top 10 and 15 of the top 50 U.S.
mortgage lenders. We believe the acquisition of the GHR Systems'
lending solutions platform will be welcomed by our clients of all
asset sizes as a valued addition to our technology offerings."
About Metavante Metavante Corporation delivers banking and payment
technologies to financial services firms and businesses worldwide.
Metavante products and services drive account processing for
deposit, loan and trust systems, image- based and conventional
check processing, electronic funds transfer, consumer health care
payments, and electronic presentment and payment. Headquartered in
Milwaukee, Metavante ( http://www.metavante.com/ ) is wholly owned
by Marshall & Ilsley Corporation (NYSE:MI). DATASOURCE:
Metavante Corporation CONTACT: Chip Swearngan, +1-414-357-3688, ,
or Sam Kim, +1-678-533-4861, , both of Metavante Corporation Web
site: http://www.metavante.com/
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