Acquires TELUS' Financial Solutions Business for $500 m - With its web-based software, TELUS' Financial Solutions Business connects all major Canadian financial institutions with the legal profession providing a seamless way to receive mortgage instructions and to discharge mortgages.
- TELUS' Financial Solutions Business also provides the de facto national payment infrastructure in Canada, servicing consumers and businesses, in all market segments, moving an aggregated value of over $1.3 trillion annually.
- The acquisition will benefit Dye & Durham's customers through expanded product capabilities, particularly in the real estate value chain.
- Significantly advances Dye & Durham's "Build to a Billion" objective.
TORONTO, Dec. 6, 2021 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it has acquired TELUS' Financial Solutions Business and certain assets from TELUS Corporation ("TELUS") for $500 million.