Hc3 Acquires Automail To Expand Statement And Communication Automation For Community Banks And Credit Unions

Mar 03, 2022•over 3 years ago

Acquiring Company

HC3

Acquired Company

AutoMail

IrondaleSoftware

Description

HC3, a data-driven technology company delivering customer communications, has acquired Jonesboro, Ark.-based AutoMail and DOC (Document Output Center), positioning HC3 as the leading provider of statement and critical communications services for financial institutions and other regulated industries. The acquisition closed on March 1, 2022, and HC3 assumed all of AutoMail’s contracted operations.

Company Information

Company

HC3

Location

Irondale, Alabama, United States

About

Headquartered in Birmingham, Ala., HC3 connects financial institutions to their customers. By outsourcing bank statements with HC3, financial institutions leverage document design, digital delivery, and print delivery. Through these solutions, banks and credit unions can make a statement that reflects their brand.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed