BOSTON, August 29, 2006 —P&H Solutions, Inc. (P&H) announced it has entered into an agreement to be acquired by Transaction Systems Architects, Inc. (TSA) for $150 million in cash. P&H is a leading provider of web-based enterprise banking solutions to financial institutions, with customers that include 12 of the top 25 banks in the United States. This strategic acquisition will expand TSA's wholesale payments solutions portfolio and form the core of its software as a service business.
Goodwin Procter partners Kenneth Gordon and Kathy Fields represented P&H Solutions, Inc. in this matter.