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Security First Technologies Corp

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May 18, 1999 | Times Wire Services
Security First Technologies Corp., a developer of Internet application software for financial transactions, agreed to pay $1.4 billion in stock for its two largest rivals, FICS Group of Belgium and Edify Corp. Separately, Intuit Inc., the No. 1 personal-finance software maker, will buy a 2.5% stake in Atlanta-based Security First for $50 million. Security First is paying about $1.08 billion for privately held FICS and $345 million for Santa Clara, Calif.-based Edify.
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