Trintech has bought CW & Associates which trades as DataFlow Services for $5m.
The sum is made up of $3m in cash, 150,000 Trintech American Depositary Shares (ADSs) with an approximate value of $570,000, and a performance based earn out over two years, which is estimated at $1.5m.
Dallas based DataFlow employs 39 staff and provides a data delivery service supporting customer's bank reconciliation processes.
Trintech's chief executive Cyril McGuire said: 'It will allow us to accelerate the growth of our recently launched statement delivery service, which is an important component in the execution of our strategic plan for this business.'
