Business
Dye & Durham Acquires TELUS' Financial Solutions Business for $500 million
Dye & Durham Acquires TELUS' Financial Solutions Business for $500 million ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n Dye & Durham Acquires TELUS' Financial Solutions Business for $500 million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Dye & Durham Acquires TELUS' Financial Solutions Business for $500 million\n \n \n Canada NewsWire\n \n \n \n \n \n With its web-based software, TELUS' Financial Solutions Business connects all major Canadian financial institutions with the legal profession providing a seamless way to receive mortgage instructions and to discharge mortgages.\n \n \n TELUS' Financial Solutions Business also provides the de facto national payment infrastructure in\n \n Canada\n \n , servicing consumers and businesses, in all market segments, moving an aggregated value of over\n \n $1.3 trillion\n \n annually.\n \n \n The acquisition will benefit Dye & Durham's customers through expanded product capabilities, particularly in the real estate value chain.\n \n \n Significantly advances Dye & Durham's \"Build to a Billion\" objective.\n \n \n \n \n TORONTO\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - Dye & Durham Limited (\"Dye & Durham\" or the \"Company\") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it has acquired TELUS' Financial Solutions Business and certain assets from TELUS Corporation (\"TELUS\") for\n \n $500 million\n \n .\n \n \n TELUS' Financial Solutions Business provides leading digital infrastructure and technology solutions to the financial community across\n \n Canada\n \n . The acquisition is very complementary to Dye & Durham as TELUS' Financial Solutions Business has a deep history of collaboration with the Canadian financial community and today provides the well-established digital financial ecosystem for payment processing and real estate technology in\n \n Canada\n \n , serving many well-known customers within the financial services vertical.\n \n \n \"This transaction is consistent with our growth strategy, adds significant scale within our current...