The Company Continues to Build the D+H Brand
TORONTO, May 5, 2014 /CNW/ - Davis + Henderson Corporation (TSX: DH)
(the "Company") has announced that it has changed its name to "DH Corporation"
effective May 5, 2014. The name change was approved by the shareholders
of the Company at the annual and special meeting of shareholders held
on April 30, 2014. The Company will continue to operate as "D+H" in
The name change is part of a broader strategy to unify the D+H brand and
increase brand recognition across North America and globally. The new
name also leverages the existing nameplate, which has considerable
equity in Canada, while acknowledging the Company's ongoing evolution
into a financial technology leader.
"D+H is now a leading FinTech provider that partners with financial
services companies in a much broader market than before," said Gerrard
Schmid, CEO of D+H. "With our strategic acquisitions, almost half of
our revenue now comes from the United States. And while we are
extremely proud of our roots in the Payments business, today over 70
per cent of our revenue comes from Banking Technology and Lending
Now that D+H has significantly expanded its presence in the United
States, a market where the Davis & Henderson brand is less well known,
the Company is moving to a name that positions it more effectively as a
financial technology leader. The new name acknowledges its long
history as a trusted partner to leading financial institutions, with
deep expertise that enables clients to better grow, compete and
optimize their operations.
The Toronto Stock Exchange has informed the Company that its outstanding
common shares and 6.00% convertible unsecured subordinated debentures
will commence trading under the new name in approximately four or five
business days following the date of this announcement. The Company will
retain the TSX trading symbol "DH" for its common shares and "DH.DB"
for its 6.00% convertible unsecured subordinated debentures.
While DH Corporation will be the company's new official legal name, the
Company will continue to operate as "D+H" and the D+H brand will
About DH Corporation
DH Corporation is a leading provider of secure and reliable technology
solutions to domestic and global financial institutions, with a
reputation for being a trusted partner that helps clients build deeper,
more profitable relationships with their customers based on rich
industry and market insight, and consumer knowledge. Today,
approximately 7,000 banks, specialty lenders, community banks and
credit unions rely on the Company to deliver solutions across three
broad service areas: Banking Technology Solutions, Lending Processing
Solutions, and Payments Solutions. Our integrated, compliant technology
solutions enable clients to grow, compete, and optimize their
operations, while our forward-looking approach helps them stay ahead of
the market and anticipate changing consumer needs. DH Corporation is
one of the world's top FinTech companies as measured on the FinTech 100
Further information can be found at www.dhltd.com and in the disclosure documents filed by DH Corporation with the
securities regulatory authorities at www.sedar.com.
SOURCE: DH Corporation
For further information:
Brian Kyle, Executive Vice President and Chief Financial Officer, DH Corporation, (416) 696-7700, email@example.com or visit our website at www.dhltd.com.