PORTLAND, Ore. and GLASTONBURY, Conn. – Last week saw two interesting tech consolidation deals come down. Software integration firm qbt was acquired by Corillian and Open Solutions Inc. acquired COWWW Software – all four of these vendors have a presence in the credit union industry.
qbt's stewardship of its new MemberBridge product line didn't last long. Just a few weeks ago New York-based qbt Systems was flying high over making its first acquisition since it was founded in 1996. It acquired the MemberBridge product line from U.S. Central's Corporate Network eCom.
This included MemberBridge's Internet banking, ACH, Bill Pay, e-alerts, and consumer lending solutions, as well as MemberBridge Server, a middleware product. Now qbt finds itself on the other end of an acquisition. Online banking and bill payment giant Corillian purchased qbt, a privately-held firm, effective Aug. 9.
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