Chicago private-equity firm GCTR has sold NYC based Fundtech to D+H for $1.25B.
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.