D+H (originally Davis & Henderson) was a Canadian global payments and lending technology provider serving nearly 8,000 financial institutions, specialty lenders, community banks, credit unions, governments and corporations, including Canada's
five largest banks.[3] D+H was headquartered in
Toronto, Ontario, and had more than 5,500 employees in 15 countries, with annual revenues in excess of $1.5 billion.[2] Following its acquisition of Harland Financial Solutions in 2013, over a third of D+H's business was based in the US.[4]
In 2017, D+H was acquired for $4.8 billion by
Vista Equity Partners, an American private equity firm.[7] Vista then merged the company with British software provider
Misys. The merged company was relaunched in June 2017 and rebranded as
Finastra.
History
In 1875, D+H was founded as Davis & Henderson, a Canadian manufacturer specializing in
bookbinding and
printing.[8] By the latter part of the 1890s, Canadian financial institutions began to form a significant portion of D+H's customer base.[9]
In the 1960s, D+H started to produce
printed cheques with
Magnetic Ink Character Recognition (MICR) encoding and began printing individually personalized bank cheques. It continued to focus on the cheque business through the 1970s and 1980s.[10]
Following a series of acquisitions starting in 2005, D+H shifted its business to providing
financial technology services globally. However, a third of D+H's revenue still came from printing and supplying cheques.[4] In 2016, D+H integrated
blockchaindistributed ledger technology into its payments platform.[11][12]