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ATLANTA-CheckFree Corp.'s October purchase of Aphelion Inc. teams a major player in the financial electronic commerce services market with a major player in the fitness software provider market. CheckFree, which serves several industries, already claimed as its fitness customers some of the larger health club groups and chains, but the purchase of Aphelion adds to the company the large base of midsized and independent clubs that make up Aphelion customers, the company said. Aphelion also establishes CheckFree's health and fitness presence internationally in Europe, Canada and Asia-Pacific.
CheckFree acquired Aphelion for $18 million in a cash transaction that closed on Oct. 31,2005.
"We had little overlap, which makes for...