Deluxe Corporation

Cherry Tree advises Deluxe Corporation

Transaction Description

Deluxe Corporation (NYSE:DLX) acquired Data Support Systems, Inc. (“DSS”), based in Omaha, Nebraska. DSS provides back office payment processing, dispute management, and case management automation solutions for all types of transactions for financial institutions and retailers. This acquisition will enhance Deluxe’s extensive suite of services for financial institutions, utilizing the proprietary DSS technology platform.

Cherry Tree’s Role

Cherry Tree was engaged by Deluxe to advise the company in its acquisition of DSS, working with their Wausau Financial Services business and the corporate development team in evaluating the business case, negotiating the terms of the transaction, providing financial modeling and valuation analysis, supporting the due diligence process, and facilitating the closing of the transaction.

About Deluxe Corporation

Deluxe is a growth engine for small businesses and financial institutions. Nearly 4.6 million small business customers access Deluxe’s wide range of products and services including customized checks and forms, as well as web-site development and hosting, email marketing, search engine optimization and logo design. For financial institutions, Deluxe offers an expanding suite of customer lifecycle management solutions that include industry-leading check program management, customer acquisition including targeting & campaign services, account activation & retention, fraud, security, and risk management services. Deluxe is also a leading printer of checks and accessories sold directly to consumers. For a company profile, please visit www.deluxe.com.

About Data Support Systems, Inc.

DSS develops, sells, and supports the industry-leading TRIPS Suite, which is a fully integrated and image based set of back office process automation and case management solutions for all types of transaction and dispute processing in financial institutions and retailers of every size. DSS products include universal payments solutions for exceptions processing, incoming and outgoing returns, image exchange, adjustments, dispute processing, domestic and international collections, archive, and web delivery/decisioning. DSS is headquartered in Omaha, Nebraska. For more information, please visit www.datasupport.com.

About Cherry Tree & Associates

Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.