Anchor Computer Systems has acquired the entire share capital of Databax from the Archibald Bathgate Group.
The deal enables Anchor to build on the services offered by its Managed Services business unit and adds 5 staff, 30 customers and a new office location in Manchester.
The acquisition allows Anchor to offer new complementary services such as Microsoft Office365, VOIP telephony and private leased lines to its existing clients. This adds to the current Managed Services offerings of Platform as a Service, Infrastructure as a Service, Disaster Recovery as a Service, and Backup as a Service.
Anchor now employs 65 people across its three locations in Birmingham, Bangor and now Manchester. The company is one of the UK’s leading providers of software solutions for the financial services sector with its loan management platforms used by over 200 customers.
It is the company’s second deal this year, following the acquisition in January of award-winning VTG Managed Services, based in Hampshire.
Paul O’Sullivan, Anchor’s CEO, said: “We have worked with ABG for over 10 years supplying our Sentinel solution to its business finance company.
“When we acquired the VTG Managed Services division earlier this year we were immediately looking for complementary bolt-on acquisitions and Databax fitted the bill.
“We will be able to offer new services to existing clients of both the existing Anchor business and the Databax client base.”
ABG CEO, Gary Laverick, said: “Having owned Databax for over 15 years we felt now was the time to let the company grow under the umbrella of a business focussed fully on the Managed Services space which is set for huge growth over the coming years.
“In Anchor we had an established business partner that shared the same values as ourselves so the fit was obvious. We’re excited about the future of Databax and we’ll continue to be a customer of the business under its new ownership.”
https://www.anchor.co.uk/wp-content/uploads/2019/11/data-center.png600900Anchorhttps://www.anchor.co.uk/wp-content/uploads/2018/01/logo2.pngAnchor2019-11-28 18:18:112019-11-28 18:22:03Anchor expands Managed Services business with the acquisition of Databax
How the 3 Fs can help you scale your finance lending business
Products supported by the system range from finance lease, hire purchase and lease purchase to invoice finance, commercial loans and agricultural lending.
Because our software is, by design, highly configurable, it gives users the ability to make changes dynamically to both business and credit reference rules, providing flexibility to their decisioning models.
Users can challenge existing rule sets and write new rules to ensure continual improvements in the way they transact business.
So called ‘knockout rules’ maximise the underwriting efficiency, while the system empowers clients to create multi-factor rules such as customer age, credit score and loan to value.
Our clients can auto accept and auto decline and segment based on the rules they have put in place.
This level of flexibility is critical in many ways, including improving operational efficiency and reducing operational costs.
Writing an ever-increasing amount of new business is relatively easy. Writing the right kind of business is always more challenging.
The Sentinel platform gives users a deep and granular understanding of their customer data, helping to reduce default rates and improve the profitability of the business being done.
Many of our clients are growing rapidly and recognise the importance of harnessing the best and most intuitive lending technology that is highly configurable and able to meet their varying and changing needs.
They are ambitious and looking to scale at pace.
Because the Sentinel platform has been developed specifically for the finance sector, it means it can not only support a business’s core proposition, but also can help our clients diversify and add to their product portfolio as soon as they are ready.
For more information about Anchor’s Sentinel flexible loan and lease management platform or to hear how it is delivering for over 200 companies in the UK and internationally, please contact Darren Greenyer on 07398 093332 or email: Darren.email@example.com
https://www.anchor.co.uk/wp-content/uploads/2019/04/How-the-3-Fs-can-help-you-scale-your-finance-lending-business.png600900Anchorhttps://www.anchor.co.uk/wp-content/uploads/2018/01/logo2.pngAnchor2019-05-01 12:20:122019-04-29 12:24:23How the 3 Fs can help you scale your finance lending business
There may still be no sign of an end to the Brexit impasse, but this hasn’t stopped consumers from continuing to spend.
Warmer weather and improving real wage growth have been highlighted as key factors in the latest positive sales data.
According to figures from the Office for National Statistics (ONS), sales rose by 1.1% in March compared to February.
Analysts had been predicting a decline of 0.3%. The figures for March meant 1.6% increase in the first three months of this year compared to the final quarter of 2018.
The latest extension to the Brexit deadline, now pushed back to Halloween (October 31st), gave some analysts optimism for a further surge in consumer spending.
“The latest Brexit extension could see consumer confidence rise a little over the next couple of months as some no-deal concerns temporarily dissipate,” according to James Smith, economist at ING.
Motor manufacturers and retailers had a more mixed month with new car registrations falling by 3.4% in March – the key plate-change month.
Major brands such as Ford and Nissan were particularly badly hit with new registrations falling by over 18% in both cases – although the Ford Fiesta remains Britain’s best-selling vehicle.
However, there was much better news for Volvo, Citroën and Jaguar, which all saw their new registrations jump by more than 20%.
In addition to calling for a Brexit solution to be found sooner rather than later, The Society for Motor Manufacturers and Traders urged Government to put in place “more supportive” policies around vehicle taxation and other incentives.
The importance of maintaining healthy consumer confidence – and spending – is key to many of Anchor’s customers operating in the online finance sector.
While they, too, would like an end to the Brexit uncertainty, confidence remains strong in the online finance space with a number of new and existing clients looking to invest in their platforms to ensure the best possible customer experience while enhancing their own efficiencies, profitability and scalability.
For more information about Anchor’s industry-leading Sentinel platform, please contact Darren Greenyer on 07398 093332 or email: Darren.firstname.lastname@example.org