EDS Acquires Funds Transfer Company TransAlliance
Electronic Data Systems
(EDS)
acquired
TransAlliance LP
, a regional electronic funds transfer company based in Bellevue, Wash.
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Financial terms weren't disclosed. For the past five years, EDS, a software and technology consulting company, was a 50-50 joint venture partner in TransAlliance with 21 banks.
EDS, which is based in Plano, Texas, handles more than 200 million automated teller machine and debit transactions a month.
Last week, EDS reported revenue of $19.2 billion for 2000.
In recent
New York Stock Exchange
trading, EDS gained 8 cents, or 0.1%, to $63.82.
