Dye & Durham to acquire TELUS' Financial Solutions Business for $500m.

Dye & Durham, a provider of cloud-based software and technology solutions, agreed to acquire the Financial Solutions Business from TELUS, a telecommunications company, for $500m. "This transaction is consistent with our growth strategy, adds significant scale within our current Canadian business, and is very well suited for our proven "acquire and integrate" playbook. Additionally, this acquisition expands our capability by adding the largest non-bank payment platform in Canada, processing 140m bill and tax payments and moving an aggregated value of over $1.3tn annually, in partnership with financial institutions, billers and government agencies," Matt Proud, Dye & Durham CEO.