q2K BHP
Black History Portal
THE BHP WIRE —
HIDDEN TRUTHS
What's New!
THE JOURNEY THROUGH TIME

Explore Black History

Explore the people, places, events, achievements, struggles and stories that shaped our journey.

✊🏾

Civil Rights

Movements, leaders, victories and the continuing fight for equality.

⚙️

Black Inventors

Innovation, patents, science, technology and world-changing contributions.

🏆

Sports

Pioneers, champions, Negro Leagues, records, activism and excellence.

♟️

People

Meet the people whose lives, choices and achievements shaped the journey.

📍

Places

Black towns, communities, institutions and places where history happened.

📜

Events

Moments that changed communities, movements, institutions and the nation.

Enter a person, place, event, or topic.
MY'STORY

The MOVE Fire

This is a personal recollection on the Move fire on May 13, 1985 Philadelphia police fired thousands of rounds at the MOVE house, city officials approved dropping an explosive device on the roof, the resulting fire was allowed to burn, 11 people—including five children—died, and 61 homes were destroyed. Philadelphia City Council later called it a “brutal attack carried out by the City of Philadelphia on its own citizens” and acknowledged that no individual faced criminal consequences for the bombing. One timeline correction worth preserving for the BHP record: the major previous MOVE-police confrontation was August 8, 1978, about seven years before the bombing, not a year or two earlier. Officer James Ramp was killed, other police and firefighters were wounded, nine MOVE members were later convicted, and television cameras recorded police beating Delbert Africa during his arrest. The 1985 MOVE Commission later specifically criticized city planners for failing to adequately use lessons from that 1978 confrontation. And that actually strengthens the point you’re making: 1985 did not happen without precedent or institutional memory. There had already been a deadly confrontation with MOVE, years of conflict, negotiations and police involvement before Osage Avenue.

MORE →
BLACK FACTS
The Truths They Never Taught You...

Wilmington 1898 — An American Coup

Wilmington, North Carolina once had a thriving Black middle class and an elected interracial government. In 1898 white supremacists used violence to overthrow that government, kill Black residents and drive many others from the city.

MORE →
BHP gathered finds from its connected research sources. Showing the 4 strongest Black History matches.
← BACK TO RESULTS
Wikipedia

Digital Insight

Digital Insight
FoundedJuly 1995; 31 years ago (1995-07)
FounderPaul Fiore
Daniel Jacoby
FateAcquired by NCR Corporation in 2014; divested to Veritas Capital in 2024 and now part of Candescent
HeadquartersRedwood City, California
ParentCandescent

Digital Insight was an American provider of online banking software for banks and credit unions, headquartered in California. Founded in 1995 by Paul Fiore and Daniel Jacoby,[1] the company grew rapidly during the late 1990s, went public during the dot-com boom in 1999, and expanded through a series of acquisitions. In 2007, it was purchased by Intuit and rebranded as Intuit Financial Services.[2] The business was later sold to private equity firm Thoma Bravo in 2013,[3] restored to the Digital Insight name, and acquired by NCR Corporation in 2014 as part of its digital banking division.[4] In August 2024, NCR Voyix agreed to sell the division to Veritas Capital, after which it became part of Candescent.[5]

History

[edit]

The company was founded in July 1995 by Paul Fiore and Daniel Jacoby.[6]

In February 1996, the company raised $1.1 million in seed money from the founders' former employer, XP Systems, and received its first client, Community Credit Union, of Plano, Texas.[7]

The company had $85,000 in revenue in its first six months. Revenue jumped to $1.5 million in 1996 and to $4.1 million in 1997, and to $8.2 million in 1998.[7]

In April 1997, the company raised $6 million from Menlo Ventures.[8]

In September 1997, the company acquired RJE Internet Services, a developer of bank websites.[9]

In March 1998, the company raised $3 million from Menlo Ventures and $5 million from HarbourVest Partners.[10]

In October 1998, John Dorman became CEO of the company.

On October 1, 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $15 per share, the stock rose to $32 per share on its first day of trading, up 114%.[11][12]

In February 2000, the company acquired nFront.[13]

In April 2000, the company acquired 1View Network.[14]

In July 2000, the company acquired AnyTime Access for $140 million.[15][16]

In February 2002, the company acquired Virtual FinancialServices for $51 million.[17]

In October 2003, the company acquired Magnet Communications for $33.5 million in cash and 1.45 million shares of Digital Insight common stock (valued at approximately $34.6 million at the time the acquisition was completed).[18][19]

Also in October 2003, Jeffrey Stiefler was named CEO of the company.

On February 7, 2007, Intuit acquired the company for $1.35 billion.[20]

In October 2008, the company introduced the consumer version of FinanceWorks[21] and in December 2008, the small business version was launched.[22]

In September 2013, John O’Malley was named CEO of the company.[23]

On August 1, 2013 Thoma Bravo acquired Intuit Financial Services for $1.025 billion.[24]

On January 10, 2014, NCR Corporation acquired the company for $1.65 billion.[25][26]

In 2015, the company integrated EyeVerify's eye vein recognition technology, called Eyeprint ID, into its mobile banking platforms.[27]

On August 6, 2024, NCR Voyix entered an agreement to sell their digital banking platform to Veritas Capital for $2.45 billion.[28]

On September 30, 2024, the sale was completed and the business was rebranded as Candescent, operating as a privately held company under Veritas Capital ownership.[29]

Acquisitions

[edit]
  • September 1997 - RJE Internet Services
  • February 2000 - nFront[13]
  • April 2000 - 1View Network[14]
  • July 2000 - AnyTime Access[15][16]
  • February 2002 - Virtual FinancialServices[17]
  • October 2003 - Magnet Communications[18][19]

References

[edit]
  1. ^ Smith, Leo (December 17, 1996). "Internet Services Provider Digital Insight Takes Aim at Banks". Los Angeles Times.
  2. ^ "Intuit Completes Acquisition of Digital Insight" (Press release). Business Wire. February 7, 2007.
  3. ^ "Thoma Bravo Completes Acquisition of Intuit Financial Services; Newly Launched as Digital Insight" (Press release). Business Wire. August 1, 2013.
  4. ^ "NCR Completes Acquisition of Digital Insight" (Press release). Business Wire. January 10, 2014.
  5. ^ "NCR Voyix Enters Definitive Agreement to Sell Digital Banking to Veritas Capital for $2.45 Billion Purchase Price". August 6, 2024.
  6. ^ Smith, Leo (December 17, 1996). "Internet Services Provider Digital Insight Takes Aim at Banks". Los Angeles Times.
  7. ^ a b Hovey, Juan (January 20, 1999). "Partners Looked for (and Found) Capital in Right Places". Los Angeles Times.
  8. ^ MURPHY, BARBARA (April 8, 1997). "Digital Insight Will Receive $6 Million in Funding for Internet Banking". Los Angeles Times.
  9. ^ MURPHY, BARBARA (September 16, 1997). "Digital Insight Acquires Bank Web Site Developer". Los Angeles Times.
  10. ^ MURPHY, BARBARA (March 10, 1998). "Digital Insight Gets Funds for Home Banking". Los Angeles Times.
  11. ^ Wilkinson, Carlton (October 1, 1999). "weekend10-01-99". TheStreet.com.
  12. ^ Nerney, Chris (November 1, 1999). "Soaring Internet IPOs Lit Up October Sky". QuinStreet.
  13. ^ a b "Digital Insight exec racking up excitement". American City Business Journals. February 21, 2000.
  14. ^ a b "DIGITAL INSIGHT TO ACQUIRE 1VIEW NETWORK". The New York Times. Bridge News. April 11, 2000.
  15. ^ a b "Digital Insight finalizes acquisition of AnyTime Access". American City Business Journals. July 31, 2000.
  16. ^ a b "Digital Insight Agrees to Acquire AnyTime Access for $140 Million". The Wall Street Journal. March 31, 2000.
  17. ^ a b Bruno, Mark (February 1, 2002). "VIFI Sells Out for $51 Million, Only $3.75 Million in Cash". American Banker.
  18. ^ a b "Digital Insight to buy Magnet Communications". American City Business Journals. October 23, 2003.
  19. ^ a b "Market report: Software maker's shares fall on report". Newspapers.com. Ventura County Star. 27 November 2003. p. D2. Retrieved 9 April 2024. Digital Insight Corp. (Nasdaq: DGIN) rose 13 cents to $24. The Calabasas company has completed acquisition of Magnet Communications Inc. for 1.45 million shares of Digital stock and $33.5 million in cash.
  20. ^ "Intuit Completes Acquisition of Digital Insight" (Press release). Business Wire. February 7, 2007.
  21. ^ Fest, Glen (October 1, 2008). "Intuit Launches FinanceWorks out of Pilot Phase". American Banker.
  22. ^ "Optimize your budget". CNN. October 28, 2008. Archived from the original on October 30, 2008.
  23. ^ "Digital Insight Names John O'Malley as New CEO" (Press release). Business Wire. September 23, 2013.
  24. ^ "Thoma Bravo Completes Acquisition of Intuit Financial Services; Newly Launched as Digital Insight" (Press release). Business Wire. August 1, 2013.
  25. ^ "NCR Completes Acquisition of Digital Insight" (Press release). Business Wire. January 10, 2014.
  26. ^ Todd, Sarah (January 10, 2014). "NCR Closes Digital Insight Deal". American Banker.
  27. ^ Passy, Jacob (February 12, 2015). "Digital Insight, EyeVerify to Offer Eye Vein-Based Security for Mobile Apps". American Banker.
  28. ^ "NCR Voyix Enters Definitive Agreement to Sell Digital Banking to Veritas Capital for $2.45 Billion Purchase Price". August 6, 2024.
  29. ^ "NCR Voyix Finalizes $2.4 Billion Digital Banking Sale to Veritas Capital; Rebrands as Candescent". PYMNTS. October 1, 2024. Retrieved August 28, 2026.

Source: Wikipedia. Article content is retrieved live through the MediaWiki API.

No preview image
Wikipedia

Digital Insight

Digital Insight was an American provider of online banking software for banks and credit unions, headquartered in California. Founded in 1995 by Paul Fiore and Daniel Jacoby, the company grew rapidly during the late 1990s, went public during the dot-com boom in 1999, and expanded through a series of acquisitions. In 2007, it was purchased by Intuit and rebranded as Intuit Financial Services. The business was later sold to private equity firm Thoma Bravo in 2013, restored to the Digital Insight name, and acquired by NCR Corporation in 2014 as part of its digital banking division. In August 2024, NCR Voyix agreed to sell the division to Veritas Capital, after which it became part of Candescent.

MORE →
No preview image
Wikipedia

Blood Money (Mobb Deep album)

Blood Money is the seventh studio album by American hip-hop duo Mobb Deep. Originally scheduled for a March 21, 2006 release, it was released on May 2, 2006 via Prodigy's Infamous Records, 50 Cent's G-Unit Records and Jimmy Iovine's Interscope Records, making it their only studio album for the latter labels. The recording sessions took place at Bass Clef Studios in Ozone Park, at Right Track Recording and Sound On Sound in New York, at LiveWire Remote Recorders in Toronto, at Digital Insight Recording Studios in Las Vegas, at Record Plant, Nate's Crib and Record One in Los Angeles. The album was produced by Havoc, Sha Money XL, Ky Miller, Chad Beatz, Exile, J. R. Rotem, K-Lassik Beats, Product & Whitton, Profile, and the Alchemist, as well as Dr. Dre, Fredwreck and Mike Elizondo, who produced bonus tracks. It features guest appearances from Mary J. Blige and G-Unit members 50 Cent, Lloyd Banks, Tony Yayo and Young Buck, with Nate Dogg on one of the bonus tracks. The album was supported with singles and accompanying music videos for "Put Em in Their Place", "Give It to Me" and "Creep". Blood Money is the only Mobb Deep studio album to not feature their frequent collaborator Big Noyd.

MORE →
No preview image
Wikipedia

FinanceWorks

FinanceWorks was a financial management software tool developed by the financial technology company Digital Insight for distribution by banks to its clients. The software was designed to help consumers and small businesses manage their finances by offering a platform that allowed users to track spending, create budgets, monitor investments, and manage bills and other expenses. The software was discontinued in 2016 after the company that developed it was acquired.

MORE →
No preview image
Wikipedia

EyeVerify

EyeVerify, Inc. is a biometric security technology company based in Kansas City, Missouri owned by Ant Group. Its chief product, Eyeprint ID, provides verification using eye veins and other micro-features in and around the eye. Images of the human eye are used to authenticate mobile device users. EyeVerify licenses its software for use in mobile banking applications, such as those offered by Tangerine Bank, NCR/Digital Insight and Wells Fargo.

MORE →
TOPIC OF THE DAY

Greenwood / Black Wall Street

Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.

MORE →
TRIVIA QUESTION OF THE DAY

Which heavyweight champion was known as the “Brown Bomber”?

Joe Louis.