Goldleaf Financial Solutions, a provider of integrated technology-based solutions designed to improve the performance of FIs, announced the acquisition of Atlanta-based Alogent ,a provider of enterprise deposit automation technologies for global financial institutions, for a total consideration of approximately $42.5 million.
The merger speaks to Goldleaf's plans in the converging payments soace, allowing the company to expand market presence, extend its customers base and create beeter cross-selling opportunities. Goldleaf now has 81,000 deposit automation touch points, in addition to more than 25,000 ACH endpoints.
According to the company, acquiring Alogent complements Goldleaf's recent additions of Community Banking Systems (CBS) and DataTrade. Alogent will become a business unit of Goldleaf, with members of the executive management team remaining with the company.