Chicago private-equity firm GCTR has sold NYC based Fundtech to D+H for $1.25B.
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D+H to Buy Payments Firm Fundtech for $1.25 Billion
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D+H will pay $1.25 billion in cash for Fundtech, which is based in New York. The acquisition feeds into D+H's long-term growth strategy and previous deals, including its 2013 purchase of Harland Financial. D+H and Fundtech have a combined 8,000 clients.
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