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Deluxe Acquires Wausau Financial Systems

Deluxe Acquires Wausau Financial Systems

Wausau complements Deluxe growing suite of FinTech solutions

Deluxe is pleased to announce the acquisition of Wausau Financial Systems (WAUSAU), a market leader for receivables management serving commercial banks and major corporations. The transaction closed Wednesday, Oct. 22, 2014.

Founded in 1971 and based in Mosinee, Wisconsin, WAUSAU has established partnerships with an impressive roster of clients, including nine of the top 10 financial institutions and more than 50 Fortune 500 companies. WAUSAU is a growing and profitable business, with strong cash flows provided under long-term contracts and a high percentage of recurring revenue fueled by a model that includes on-premise software, software-as-a-service and business process outsourcing. 

The acquisition provides Deluxe with a broader and deeper range of financial technology solutions to both the retail and commercial sides of the market. The purchase of WAUSAU helps Deluxe establish a strategic foothold in the financial technology solutions (FinTech) marketplace.

“WAUSAU is a well-respected and well managed business that complements our growing suite of FinTech solutions. We now can offer solutions that address the highest priority needs for both the commercial and retail sides of the financial services market. Clients of both businesses will benefit from a more diverse and more substantial partner that can deliver against more of their FinTech needs,” said John Filby, Senior Vice President of Deluxe Financial Services. 

“Deluxe is a forward thinking owner for WAUSAU that will enable us to accelerate our growth strategies for commercial FIs and major corporate clients,” explained Gary Cawthorne, president and CEO of WAUSAU. “The current market for receivables management continues to grow and WAUSAU is leading the way toward the next generation with an integrated receivables management solution leveraging data and analytics across the spectrum of commercial payment types.”