"Patchwork" is my characterization of the corporate structure -- nine subsidiaries incorporated in four different states -- described in CKFR's 10-K:
"The Company was incorporated in Ohio in 1981 and reincorporated in Delaware in 1986. The Company has nine direct and indirect wholly owned subsidiaries: Servantis Systems Holdings, Inc., a Delaware corporation; Servantis Systems, Inc., a Georgia corporation; Servantis Services, Inc., a Georgia corporation; CheckFree Software Solutions, Inc., a Delaware corporation; Security APL, Inc., an Illinois corporation; Bow Tie Systems, Inc., an Illinois corporation; CheckFree Services Corporation, a Delaware corporation; CheckFree Investment Corporation, a Delaware corporation; and RCM Systems, Inc., a Wisconsin corporation." |
