Canada's DH Corp to buy payment services firm Fundtech for $1.25 bln

Mon Mar 30, 2015 4:12pm EDT
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March 30 (Reuters) - Canadian financial technology company DH Corp said it agreed to buy U.S.-based global payment services provider Fundtech for $1.25 billion in cash.

The purchase is expected to expand DH's reach among global financial institutions and large U.S. banks, the company said.

(Reporting By Shubhankar Chakravorty in Bengaluru; Editing by Sriraj Kalluvila)