EXHIBIT 99.4

CHECKFREE CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Balance Sheets

(In thousands, except per share data)

 

     September 30,
2007
    June 30,
2007
 
ASSETS     

CURRENT ASSETS:

    

Cash and cash equivalents

   $ 102,374     $ 55,974  

Settlement assets

     141,182       127,661  

Investments

     66,392       139,153  

Accounts receivable, net

     220,891       221,320  

Prepaid expenses and other assets

     45,972       42,759  

Deferred income taxes

     10,189       10,189  
                

Total current assets

     587,000       597,056  
                

PROPERTY AND EQUIPMENT, NET

     143,636       156,113  
                

OTHER ASSETS:

    

Capitalized software, net

     3,266       3,668  

Goodwill

     1,020,985       1,027,512  

Strategic agreements, net

     74,827       81,063  

Other intangible assets, net

     142,069       140,804  

Investments and restricted cash

     44,750       47,390  

Other noncurrent assets

     12,149       11,426  

Deferred income taxes

     69,596       66,246  
                

Total other assets

     1,367,642       1,378,109  
                

Total assets

   $ 2,098,278     $ 2,131,278  
                
LIABILITIES AND STOCKHOLDERS’ EQUITY     

CURRENT LIABILITIES:

    

Accounts payable

   $ 23,262     $ 35,868  

Settlement obligations

     137,772       123,302  

Accrued liabilities

     81,968       100,944  

Current portion of long-term obligations

     123,915       206,022  

Deferred revenue

     78,252       79,391  
                

Total current liabilities

     445,169       545,527  
                

ACCRUED RENT AND OTHER

     12,336       4,663  
                

DEFERRED INCOME TAXES

     2,284       2,284  
                

DEFERRED REVENUE

     4,277       3,281  
                

LIABILITY FOR UNRECOGNIZED TAX BENEFITS

     26,476       —    
                

CAPITAL LEASE AND LONG-TERM OBLIGATIONS, less current portion

     75,300       68,021  
                

STOCKHOLDERS’ EQUITY:

    

Preferred stock - 50,000,000 authorized shares, $0.01 par value; no amounts issued or outstanding

     —         —    

Common stock - 500,000,000 authorized shares, $0.01 par value; issued and outstanding 88,410,735 and 87,974,284 shares, respectively

     884       880  

Additional paid-in-capital

     2,386,279       2,376,278  

Accumulated other comprehensive gain

     4,958       3,896  

Accumulated deficit

     (859,685 )     (873,552 )
                

Total stockholders’ equity

     1,532,436       1,507,502  
                

Total liabilities and stockholders’ equity

   $ 2,098,278     $ 2,131,278  
                

See Notes to the Interim Unaudited Consolidated Financial Statements

 

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CHECKFREE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations

Unaudited

(In thousands, except per share data)

 

    

Three Months Ended

September 30,

 
     2007     2006  

REVENUES:

    

Processing and servicing

   $ 218,114     $ 195,478  

License fees

     15,412       9,074  

Maintenance fees

     21,988       11,530  

Professional fees

     29,150       12,537  
                

Total revenues

     284,664       228,619  
                

EXPENSES:

    

Cost of processing, servicing and support

     118,237       92,849  

Research and development

     31,975       26,738  

Sales and marketing

     27,869       21,275  

General and administrative

     30,710       17,749  

Depreciation and amortization

     26,868       21,805  
                

Total expenses

     235,659       180,416  
                

INCOME FROM OPERATIONS

     49,005       48,203  

OTHER:

    

Equity in net loss of joint venture

     (423 )     (458 )

Interest income

     2,121       3,581  

Interest expense

     (2,795 )     (287 )
                

INCOME BEFORE INCOME TAXES

     47,908       51,039  

INCOME TAX EXPENSE

     18,061       19,822  
                

NET INCOME

   $ 29,847     $ 31,217  
                

BASIC EARNINGS PER SHARE:

    

Basic income per share

   $ 0.34     $ 0.35  
                

Weighted average number of shares

     88,231       89,962  
                

DILUTED EARNINGS PER SHARE:

    

Diluted income per share

   $ 0.33     $ 0.34  
                

Weighted average number of shares

     89,956       92,599  
                

See Notes to the Interim Unaudited Consolidated Financial Statements

 

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CHECKFREE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

Unaudited

(In thousands)

 

     Three Months Ended
September 30,
 
     2007     2006  

OPERATING ACTIVITIES:

    

Net income

   $ 29,847     $ 31,217  

Adjustments to reconcile net income to cash provided by operating activities:

    

Equity in net loss of joint venture

     423       458  

Depreciation and amortization

     26,868       21,805  

Expenses related to data center

     —         1,021  

Deferred income tax benefit

     140       (860 )

Equity-based compensation

     3,061       3,865  

Net loss on disposition of property and equipment

     292       13  

Changes in certain assets and liabilities (net of acquisitions):

    

Settlement assets and obligations

     949       (1,074 )

Accounts receivable

     219       (9,692 )

Prepaid expenses and other

     3,939       7,484  

Accounts payable

     (11,930 )     39  

Accrued liabilities and other

     (14,576 )     (5,199 )

Deferred revenue

     (184 )     (1,513 )
                

Net cash provided by operating activities

     39,048       47,564  
                

INVESTING ACTIVITIES:

    

Purchase of property and software

     (12,728 )     (11,573 )

Capitalization of software development costs

     —         (236 )

Purchase of property and equipment for data center facility

     (4,100 )     (526 )

Purchase of investments-Available for sale

     —         (99,527 )

Proceeds from sales and maturities of investments—Available for sale

     75,658       175,574  

Proceeds from sale of long-lived assets

     22,157       —    

Purchase of other investments, net

     224       (227 )

Change in other assets

     (9,823 )     (4,902 )
                

Net cash provided by investing activities

     71,388       58,583  
                

FINANCING ACTIVITIES:

    

Proceeds from revolving credit facility

     6,000       —    

Principal payments on revolving credit facility

     (88,000 )     —    

Principal payments under capital lease and other long-term obligations

     (634 )     (361 )

Proceeds from exercise of stock options

     6,567       620  

Excess tax benefit from equity-based compensation

     2,399       521  

Purchase of treasury stock

     —         (100,000 )

Proceeds from associates stock purchase plan

     1,603       1,530  

Proceeds from data center facility credit line

     7,813       643  
                

Net cash used in financing activities

     (64,252 )     (97,047 )
                

Effect of exchange rate changes on cash and cash equivalents

     216       426  
                

NET INCREASE IN CASH AND CASH EQUIVALENTS

     46,400       9,526  

CASH AND CASH EQUIVALENTS:

    

Beginning of period

     55,974       173,083  
                

End of period

   $ 102,374     $ 182,609  
                

See Notes to the Interim Unaudited Consolidated Financial Statements

 

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CHECKFREE CORPORATION

NOTES TO THE INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation and Summary of Significant Accounting Policies

Unaudited Interim Financial Information

Our unaudited consolidated financial statements and notes included in this Quarterly Report on Form 10-Q (“Form 10-Q”), are prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include all of the information and disclosures required by generally accepted accounting principles in the United States of America for interim financial reporting. Our results of operations for the three months ended September 30, 2007 and 2006, are not necessarily indicative of our projected results for the full year.

Please read our consolidated financial statements in this Form 10-Q in conjunction with our consolidated financial statements, our significant accounting policies and our notes to the consolidated financial statements included in our Annual Report on Form 10-K for our fiscal year ended June 30, 2007, which we filed with the SEC on August 24, 2007. In our opinion, our accompanying unaudited consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments), which are necessary for a fair representation of our financial results for the presented interim periods.

Recent Accounting Pronouncements

In February 2007, the Financial Accounting Standards Board (“FASB”) issued Statement of Accounting Standards 159, “The Fair Value Option for Financial Assets and Liabilities—Including an Amendment of FASB Statement No. 115” (“SFAS 159”), which permits an entity to choose to measure many financial instruments and certain other items at fair value. Most of the provisions of SFAS 159 are elective; however the amendment to FASB Standard No. 115 applies to all entities with available-for-sale and trading securities. The FASB’s stated objective in issuing this standard is to improve financial reporting by entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently, without having to apply complex hedging accounting provisions. The provisions of SFAS 159 are effective as of the beginning of our fiscal year 2009, and we are currently evaluating the impact of the adoption of SFAS 159 on our consolidated financial statements.

In September 2006, the FASB issued SFAS 157, “Fair Value Measurements” (“SFAS 157”), which is intended to provide guidance for using fair value to measure assets and liabilities. In general, this pronouncement is intended to establish a framework for determining fair value and to expand the disclosures regarding the determination of fair value. With certain financial instruments, a cumulative effect of a change in accounting principle may be required with the impact of the change recorded as an adjustment to beginning retained earnings. The provisions of SFAS 157 are effective as of the beginning of our fiscal year 2009, and we are currently evaluating the impact of the adoption of SFAS 157 on our consolidated financial statements.

2. Investments

Our investments consist of the following (in thousands):

 

    

September 30,

2007

   

June 30,

2007

 

Available-for-sale

   $ 183,264     $ 217,776  

Other investments

     4,312       4,539  

Restricted cash

     464       461  

Less: amounts classified as cash equivalents

     (76,898 )     (36,233 )
                

Total investments

   $ 111,142     $ 186,543  
                

The fair value of our available-for-sale securities is based on quoted market values or estimates from independent pricing services. We classify, in our consolidated balance sheet, our investments based on their expected maturities rather than contractual maturities. We classify auction rate preferred and debt instruments as available-for-sale rather than as cash and cash equivalents in our consolidated balance sheet. As of September 30, 2007 and June 30, 2007, we had approximately $46.0 million and $111.4 million in auction rate securities, respectively.

 

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In the three month periods ended September 30, 2007 and 2006, available-for-sale investments matured in the amount of $75.7 million and $175.6 million respectively. We incurred no gross gains or losses on these sales during the three month periods ended September 30, 2007 and 2006, respectively.

3. Goodwill and Other Intangible Assets

As of September 30, 2007, our only non-amortizing intangible asset is goodwill. The changes in the carrying value of goodwill by segment from June 30, 2007, to September 30, 2007, were as follows (in thousands):

 

     Electronic
Commerce
    Software    Investment
Services
    Total  

Balance as of June 30, 2007

   $ 847,676     $ 140,860    $ 38,976     $ 1,027,512  

Purchase price adjustments

     (3,210 )     1,637      (5,504 )     (7,077 )

Foreign currency adjustment

     —         550      —         550  
                               

Balance as of September 30, 2007

   $ 844,466     $ 143,047    $ 33,472     $ 1,020,985  
                               

The majority of the above purchase price adjustments are reallocations between our goodwill and intangible accounts. These changes occurred as we continued our valuations of our acquisitions of Upstream Technologies, LLC, Corillian Corporation, and Carreker Corporation all of which occurred in the fourth quarter of our fiscal year ended June 30, 2007.

The components of our various amortized intangible assets are as follows (in thousands):

 

     September 30,
2007
   June 30,
2007

Capitalized software:

     

Product technology from acquisitions and strategic agreement

   $ 168,022    $ 167,458

Internal development costs

     34,774      34,773
             

Total

     202,796      202,231

Less: accumulated amortization

     199,530      198,563
             

Capitalized software, net

   $ 3,266    $ 3,668
             

Strategic agreements:

     

Strategic agreements (1)

   $ 744,423    $ 744,423

Less: accumulated amortization

     669,596      663,360
             

Strategic agreements, net

   $ 74,827    $ 81,063
             

Other intangible assets:

     

Tradenames

   $ 54,611    $ 54,937

Customer base

     154,650      151,868

Current technology

     45,895      43,662

Money transfer licenses

     1,700      1,700

Covenants not to compete

     5,888      5,828
             

Total

     262,744      257,995

Less: accumulated amortization

     120,675      117,191
             

Other intangible assets, net

   $ 142,069    $ 140,804
             

(1)

Strategic agreements primarily include certain entity-level covenants not to compete.

 

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For the three month periods ended September 30, 2007 and 2006, amortization of intangible assets totaled $14.1 million and $11.6 million, respectively.

4. Reorganization Charges

During our fiscal year 2007, we made three acquisitions. We are committed to a plan of integration of certain activities with these acquisitions. These activities are accounted for in accordance with EITF 95-3, “Reorganization of Liabilities in Connection with a Purchase Business Combination.” These activities include primarily employee severance and related costs. In connection with those acquisitions, we accrued reorganization charges totaling approximately $10.3 million in fiscal year 2007. A charge of $6.1 million was recorded in our fiscal year 2007 Statement of Income as a result of severance and related costs associated with termination of a number of our associates in connection with our integration plans. The balance of the costs was included in the determination of the purchase price as it related to the acquired companies’ associates.

A summary of activity in the accrual related to our integration and reorganization activities is as follows: (in thousands):

 

     Severance
and Other
Employee
Costs
 

Balance as of June 30, 2007

   $ 6,918  

Reorganization charges, fiscal year 2008

     1,440  

Cash payments, fiscal year 2008

     (4,262 )
        

Balance as of September 30, 2007

   $ 4,096  
        

5. Sale-Leaseback

On August 20, 2007, we sold our Dublin, Ohio facility for $22.2 million. Simultaneously, we entered into a twelve-year lease with the facility’s new owner. The lease on the facility qualifies as an operating lease. The gain on the transaction was $7.5 million. The profit on the sale is less than the present value of the minimum lease payments over the lease term and therefore the entire amount of the gain was deferred and will be recognized ratably over the lease term as a reduction in rent expense. Of this amount, approximately $52,000 was recognized in the first quarter of fiscal year 2008.

The obligations for future minimum lease payments as of September 30, 2007 and the amortization of the remaining deferred gain are (in thousands):

 

Fiscal Year

   Minimum
Lease Payments
   Deferred Gain
Amortization
    Net Rental
Expense

2008

   $ 1,493    $ (523 )   $ 970

2009

   $ 1,792    $ (628 )   $ 1,164

2010

   $ 1,792    $ (628 )   $ 1,164

2011

   $ 1,792    $ (628 )   $ 1,164

2012

   $ 1,792    $ (628 )   $ 1,164

Thereafter

   $ 12,840    $ (4,500 )   $ 8,340

6. Common Stock

On August 1 and November 6, 2006, we announced that our board of directors had approved separate stock repurchase programs under which for each program we could repurchase up to $100.0 million of our common stock through August 1, 2007. During the quarters ended September 30, 2006 and December 31, 2006, we repurchased a total of 2,637,747 and 1,273,807 shares of common stock for aggregate prices of $100.0 million and $50.0 million, respectively. The repurchased shares were immediately retired and cancelled.

 

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7. Equity-Based Compensation

On July 1, 2005, we adopted, SFAS 123(R), “Share Based Payment” (“SFAS 123(R)”) using the modified prospective method. SFAS 123(R) requires all share-based payments to employees to be recognized in the financial statements based on their fair values and did not change the accounting guidance for share-based payment transactions with parties other than employees provided in SFAS 123, “Accounting for Stock Based Compensation” (“SFAS 123”), as originally issued and Emerging Issues Task Force (“EITF”) 96-18, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services” (“EITF 96-18”).

In November 2002, our stockholders approved the 2002 Stock Incentive Plan (the “2002 Plan”). Under the provisions of the 2002 Plan, we have the ability to grant incentive or non-qualified stock options, stock appreciation rights (“SARs”), restricted stock, performance units or performance shares for not more than 6,000,000 shares of common stock (such shares to be supplied from the 12,000,000 shares approved for the 1995 Stock Option Plan (the “1995 Plan”)) to certain of our key employees, officers and non-employee directors. The terms of the options, SARs, restricted stock, performance units or performance shares granted under the 2002 Plan are determined by a committee of our Board of Directors, however, in the event of a change in control as defined in the 2002 Plan, they shall become immediately exercisable. At September 30, 2007, there were 2,592,599 additional shares available for grant under the 2002 Plan.

In the event that shares purchased through the exercise of incentive stock options are sold within one year of exercise, we are entitled to a tax deduction. The tax benefit of the deduction is not reflected in our consolidated statements of operations but is reflected as an increase in additional paid-in capital.

As of September 30, 2007, we have three types of share-based payment arrangements with our associates; stock options, restricted stock and associate stock purchase plan.

Stock Options

The following table summarizes the activity of stock options under our 1995 and 2002 Plans, from July 1, 2007 to September 30, 2007:

 

     Number of
Options
    Weighted Average
Remaining
Contractual Term
   Weighted Average
Exercise Price
   Aggregate
Intrinsic
Value

Outstanding - Beginning of year

   2,937,117        $ 31.78   

Granted

   —          $ —     

Exercised

   (240,386 )      $ 27.06    $ 2,219,000

Cancelled

   (12,974 )      $ 41.15   
              

Outstanding - End of period

   2,683,757     4.3 years    $ 32.26    $ 38,595,000
              

Options exercisable at end of period

   2,478,268     4.3 years    $ 31.93    $ 36,215,000

Options vested and expected to vest at end of period

   2,665,882     4.3 years    $ 32.06    $ 28,462,000

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. We did not have any options granted during the three month period ended September 30, 2007.

In the three months ended September 30, 2007 and 2006, we recognized equity-based compensation expense of approximately $0.6 million and $1.2 million related to the vesting of stock options. As of September 30, 2007, we had approximately $2.9 million of unrecognized compensation related to non-vested stock options, which we will record in our statement of operations over a weighted average recognition period of approximately 2 years.

 

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Restricted Stock

The following table summarizes the activity of restricted stock under our 2002 Plan, from July 1, 2007 to September 30, 2007:

 

    

Number of

Restricted
Stock

   

Weighted

Average Grant

Date Fair Value

Outstanding - Beginning of year

   797,383     $ 34.84

Granted

   331,017     $ 45.11

Vested

   (231,856 )   $ 25.53

Cancelled

   (5,653 )   $ 38.57
        

Outstanding - End of period

   890,891     $ 41.06
        

In the three months ended September 30, 2007 and 2006, we recognized equity-based compensation expense of approximately $2.2 million and $2.3 million, related to the vesting of shares of restricted stock. As of September 30, 2007, we had approximately $20.2 million of unrecognized compensation related to non-vested shares of restricted stock which we will record in our statement of operations over a weighted average recognition period of approximately five years.

8. Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings per share in accordance with SFAS 128 (in thousands, except per share amounts):

 

     Three Months Ended
     September 30, 2007    September 30, 2006
     Net Income
(Numerator)
   Weighted Average
Shares
(Denominator)
   Earnings
Per
Share
   Net Income
(Numerator)
   Weighted Average
Shares
(Denominator)
   Earnings
Per
Share

Basic EPS

   $ 29,847    88,231    $ 0.34    $ 31,217    89,962    $ 0.35
                         

Effect of dilutive securities:

                 

Options and warrants

     —      1,725         —      2,637   
                             

Diluted EPS

   $ 29,847    89,956    $ 0.33    $ 31,217    92,599    $ 0.34
                                     

The weighted-average diluted common shares outstanding for the three month periods ended September 30, 2007 and 2006 excludes the effect of approximately 0.4 million and 0.8 million out-of-the-money options and warrants, respectively, as their effect would be anti-dilutive.

9. Comprehensive Income

We report comprehensive income in accordance with SFAS 130, “Reporting Comprehensive Income” (“SFAS 130”). SFAS 130 requires disclosure of total non-shareowner changes in equity and its components. Total non-shareowner changes in equity include all changes in equity during a period except those resulting from investments by and distributions to shareowners. The components of accumulated other comprehensive loss, which is a component of stockholders’ equity on our consolidated balance sheet, applicable to us are (i) unrealized gains or losses on our available-for-sale securities and (ii) unrealized foreign currency translation differences. As a result, we are required to report the components of our comprehensive income, which are as follows (in thousands):

 

    

Three Months Ended

September 30,

 
     2007    2006  

Net income

   $ 29,847    $ 31,217  

Other comprehensive income (loss):

     

Foreign currency translation adjustments

     580      (1 )

Unrealized holding gains on investments, net of tax

     482      779  
               

Comprehensive income

   $ 30,909    $ 31,995  
               

 

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10. Supplemental Disclosure of Cash Flow Information (in thousands)

 

     Three Months Ended
September 30,
     2007    2006

Interest paid

   $ 969    $ 51
             

Income taxes paid

   $ 15,094    $ 727
             

Supplemental disclosure of non-cash investing and financing activities:

     

Capital lease and other long-term asset additions

   $ —      $ 4,671
             

Additions under data center facility

   $ 7,813    $ 7,203
             

Stock funding of 401(k) match

   $ —      $ 4,054
             

Stock funding of Associate Stock Purchase Plan

   $ 2,070    $ 2,236
             

11. Business Segments

We operate in three business segments — Electronic Commerce, Investment Services, and Software, along with a Corporate segment. These reportable segments are strategic business units through which we offer different products and services. We evaluate the performance of our segments based on their respective revenues and operating income (loss). Segment operating income (loss) includes the impact of purchase accounting on deferred revenue and excludes purchase accounting amortization, costs associated with mergers and acquisitions, and the SFAS 123(R) equity-based compensation expense related to stock options granted before the implementation of our current incentive compensation philosophy beginning July 1, 2004, which significantly reduces overall participation and focuses on restricted stock awards with limited stock option grants.

The following sets forth certain financial information attributable to our business segments for the three months ended September 30, 2007 and 2006 (in thousands):

 

    

Three Months Ended

September 30,

 
     2007     2006  

Revenues:

    

Electronic Commerce, gross

   $ 214,216     $ 171,029  

Impact of purchase accounting on deferred revenue

     (7,425 )     —    
                

Electronic Commerce, net

     206,791       171,029  

Software, gross

     47,567       27,968  

Impact of purchase accounting on deferred revenue

     (4,361 )     —    
                

Software, net

     43,206       27,968  

Investment Services

     34,667       29,622  
                

Total

   $ 284,664     $ 228,619  
                

Segment income from operations:

    

Electronic Commerce

   $ 74,053     $ 59,680  

Software

     5,988       6,354  

Investment Services

     9,930       5,528  

Corporate

     (9,973 )     (11,688 )

Purchase accounting amortization

     (13,727 )     (10,967 )

Impact of purchase accounting on deferred revenue

     (11,786 )     —    

Impact of SFAS 123( R)

     (137 )     (704 )

Costs associated with mergers and acquisitions

     (5,343 )     —    
                

Income from operations

   $ 49,005     $ 48,203  
                

 

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12. Income Taxes

We adopted the provisions of FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”), on July 1, 2007. As a result of the implementation of FIN 48, we recorded approximately $16.0 million as a reduction in our opening accumulated deficit. Our total gross balance of unrecognized tax benefits as of July 1, 2007 was approximately $21.0 million. Of this total, $19.8 million (which reflects federal benefits of state taxes) represents the amount of unrecognized tax benefits that, if recognized, would favorably impact our effective tax rate.

We recognize interest and penalties accrued related to unrecognized tax benefits as a component of our income tax provision. As of July 1, 2007, we had approximately $5.2 million accrued for the payment of interest and penalties, which does not include the federal tax benefit of interest deductions, where applicable.

We file income tax returns in the U.S. federal and various state, local and foreign jurisdictions, and with few exceptions, are no longer subject to examinations by tax authorities in these jurisdictions for years prior to fiscal year ended June 30, 2004. The Internal Revenue Service (“IRS”) has completed its audit of the income tax returns for the fiscal years ended June 30, 2004 and 2005. No significant adjustments were made as a result of the fiscal year June 30, 2004 examination. The IRS has issued a proposed assessment of approximately $15.4 million for the fiscal year ended June 30, 2005 examination related to a strategic transaction we entered into in fiscal year 1999; we are pursuing an IRS Appeal related to this issue and it is not expected that a settlement with the IRS will be reached within the next 12 months.

It is reasonably possible that the amount of unrecognized tax benefits will decrease in the next twelve months, upon issuance of the IRS’s final examination report for the fiscal year ended June 30, 2005.

13. Pending Acquisition

On August 2, 2007, we entered into an Agreement and Plan of Merger (“Merger Agreement”) pursuant to which Fiserv, Inc. (“Fiserv”) will acquire all of our outstanding shares of common stock for $48.00 per share in cash. Fiserv is a publicly traded Nasdaq company headquartered in Brookfield, Wisconsin and is a provider of technology solutions. On October 15, 2007, we were notified that the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Fiserv, Inc.’s pending acquisition of our company. On October 23, 2007, at a special stockholders meeting, our stockholders adopted the Merger Agreement with the affirmative vote of approximately 78.96% of the shares entitled to vote at the stockholders meeting. We expect the acquisition to close by December 31, 2007, subject to the receipt of other required regulatory approvals and customary closing conditions.

 

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