ATLANTA – Alogent, a venture-backed firm that provides deposit automation solutions for financial institutions, is being acquired by Goldleaf Financial Solutions.

The deal is valued at $42.5 million, including $32.9 million cash.

Alogent, which was launched in 1995, had received $5 million in venture funding, according to Private Equity Wire.

Goldleaf (Nasdaq: GFSU) works with financial firms to improve technology-based performance.

“This acquisition benefits every financial institution that can now leverage electronic payments at every point of presentment across its enterprise,” said Goldleaf Chief Executive Officer Lynn Boggs.