Metavante Completes GHR Acquisition

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, [phone],  ,

or Sam Kim, [phone],  , both of Metavante

Corporation



Web site:  http://www.metavante.com/ 

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