CheckFree Completes Sale Of M-Solutions To Informa

Electronic bill payment provider CheckFree Corporation has sold the assets of its M Solutions business unit to a subsidiary of Informa Financial Information, Inc. The terms of the deal were not immediately disclosed, but CheckFree does not expect the sale

By None

Electronic bill payment provider CheckFree Corporation has sold the assets of its M-Solutions business unit to a subsidiary of Informa Financial Information, Inc.

The terms of the deal were not immediately disclosed, but CheckFree does not expect the sale to affect its earnings per share. It does expect the deal to reduce revenue for part of the third quarter of 2006 by nearly $1.5 million. The company predicts the revenue for the quarter to be between $216 to $221 million.

The M-Solutions product line includes M-Search(R), CheckFree M-Pact and M-Watch(R).

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