Fundtech, a banking transaction solutions provider, has completed its post-merger integration with BankServ, a software as a service (SaaS) provider to local and regional banks. The merger was completed in November 2011, when GTCR, the private equity firm that had a controlling interest in BankServ, acquired Fundtech for $390 million.
The merger has been a success, Fundtech says, as the broader product line has led to expanded sales.
Fundtech has enhanced its position in the market as the leading provider of business banking products and services, says Michael Sgroe, president of Fundtech. As a strategic, single-source provider, Fundtech is able to offer its clients multiple systems that are more easily integrated, work better together, and ultimately provide the end-customer with a far superior seamless user experience.
Corporate One Federal Credit Union of Columbus, Ohio, an existing customer of BankServs wire transfer system prior to the merger, has recently added PAYplus-ACH and CASHplus, part of Fundtechs premerger suite of products. According to Robert Coyan, Corporate Ones SVP of Marketing and Operations: Since Fundtech offers such a broad spectrum of quality products and services, they have become an integral component of the Corporate One suite. We know that credit unions throughout the United States will benefit from such a seamless end-user experience.
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