Banking software specialist Hogan Systems Inc of Dallas, Texas has not enjoyed the best of financial health in recent years, and now Continuum Co Inc, Austin, Texas developer of applications for the financial services sector and an energetic buyer of siblings a couple of years back, has stepped in to do the humane thing. It will acquire Hogan in a share exchange that values the company at about $230m and sees completion in February or March. Hogan holders will get 0.355555 of a Continuum share for each Hogan share, and about 5.2m new shares will be issued.
