Scott Hanselman

CheckFree Closes Deal to Acquire Corillian - Now the real work begins

May 15, '07 Comments [12] Posted in Corillian
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This just went out.  Today CheckFree completed acquiring Corillian. It started in February, and the acquisition phase is complete. Now the real work starts.

In the press release, this sentence struck me:

The combined organization will have the potential to provide a market-leading, fully integrated, secure and scalable online banking, electronic billing and payment platform. Together, CheckFree and Corillian’s platforms serve 21 of the top 25 financial institutions, more than 40 million online banking consumers, more than 31 million electronic billing and payment consumers, and more than 250,000 small businesses.

It's going to be interesting as our little 300 person company becomes part of a 3000+ person company, but the potential for good that we can do is so much greater as one entity. We'll be learning about the new organization and how we fit into it in the coming months. I visited the campus in Atlanta, Georgia and got to hang out with a number of the key players working on the integration and I can attest to the coolness of their corporate culture. We'll see what tomorrow will bring. Wish me luck.

About Scott

Scott Hanselman is a former professor, former Chief Architect in finance, now speaker, consultant, father, diabetic, and Microsoft employee. He is a failed stand-up comic, a cornrower, and a book author.

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Tuesday, 15 May 2007 21:01:19 UTC
Good luck Scott! I hope this acquisition works out in your favor! And hopefully you don't have to move to Atlanta :P
Portland > (Atlanta * 10)
Tuesday, 15 May 2007 22:18:46 UTC
Congrats Scott! Maybe one of these days we will bump into each other in one of these large banks even though you are on the banking side and I am on the collateral side :)
Tuesday, 15 May 2007 22:27:15 UTC
Good Luck Scott....
Tuesday, 15 May 2007 23:12:22 UTC
Good luck, Scott.

Having been part of many acquisition relating to banking and data processing, I can only imagine what the outcome may be for you a year from now. I'm 1 of 10 remaining from a 600+ person NCR subsidiary buyout 6 years ago.

Tom
Wednesday, 16 May 2007 11:46:30 UTC
Welcome to the corporate level world.

Hopefully, the programming department doesn't change much on you... It did for me when our Tax Software company was purchased... Gone were all the perks... all the vacation. Replaced with nominal pay raises and no overtime.
Wednesday, 16 May 2007 12:32:16 UTC
I have had some serious up's and down's with CheckFree, but they can show serious dedication to a process. I hope the two companies can integrate well. Good luck to you and your team, Scott.
Matt
Wednesday, 16 May 2007 15:17:55 UTC
Having worked for similiar sized organisations, and being a little bit of a cynic: Here's wishing you a large bag of luck!

I just hope they have somewhere to put all the Hanselman clones!
Wednesday, 16 May 2007 16:03:26 UTC
Best of luck Scott. Keep blogging.
Kshitij
Wednesday, 16 May 2007 16:23:05 UTC
Good luck with merge. Atlanta has a vibrant .Net community and I hope you will find time to attend a .Net user group meeting and present a cool topic. Like the new look of the site.
Wednesday, 16 May 2007 19:17:59 UTC
I'm quite sure that the guy who bashed Atlanta has never been here. There is a reason Atlanta is growing faster than any other metro area in the country. http://www.planetizen.com/node/23539
El Guapo
Saturday, 19 May 2007 16:48:36 UTC
Neglected to congratulate you when the acquisition was announced. Hope it is going well. Sounds as if it is. Having worked on the integration of a number of my old company's acquisitions, I can tell you it is challenging. The best part is getting to know the people, and it sounds as if you've met some good ones. The worst part is figuring out product integration, overlap, etc. Best of luck.
Saturday, 26 May 2007 22:59:25 UTC
Hey good luck Scott.

My only experience with CheckFree corp is via their MyCheckFree.com website, which I have been using to pay my OldNavy credit card for a while. I have to say, MyCheckFree.com is, by miles and miles and miles, the worst online financial experience I've ever encountered. Their site is impossible to navigate, obscures important information, is barely configurable, and offers infuriatingly dismal support options. One particular gripe is that their site's autopay feature only lets you pay the minimum due on your card, not the full amount, so you still have to log in each month and pay it off.

That said, I'm sure it's just one small part of their business, so again, good luck!
Peter
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Disclaimer: The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.