23rd November 2021
Financial Software firms merge to form a new technology group to support the Channel Islands.
Fusion Acusoft and Vega Solutions Limited have merged to form a new technology group that provides solutions to a wide range of financial services businesses in the Channel Islands and beyond.
This consolidation sees these innovative organisations coming together to create a single business that offers core software solutions to Banks, Trust and Company administration, Fund administration and Pension administration organisations. An expanding suite of regulation technology products including FATCA and CRS Tax reporting software and automation tools for the new Jersey digital registry further extend the portfolio under the Vega Solutions, Flyingboat and Acumen brands.
The merged business continues to have a core Channel Island client base, clients now number over 150 organisations and these are located in more than 20 jurisdictions. The larger scale and resources of the new group provides additional impetus for growth through continued investment in customer service, product development and the adoption of new technologies, taking advantage of Vega’s experience in web technology to support clients’ requirements for Online Web and Mobile access and digitalisation.
Fusion Acusoft’s Alan Rowe and Gary Munro are joined by David Collings as a fellow Director of the business. Alan Rowe reiterated that the deal brings together like-minded, client focussed teams. ‘We have known Vega for many years and we’re delighted we are now one. We have a real focus on client service and the expanded capability of the group provides exciting new opportunities for our clients which include some of the largest names in the Channel Islands & increasingly global financial services industry. The breadth and capability of our products provides the market with a unique alternative supplier.”
David Collings, added that merging with Fusion Acusoft brings real benefits to clients. “I’m delighted to be working with Alan and Gary to help drive the combined business forward. Our clients operate in a highly competitive and regulated industry that is undergoing constant challenges and change. We strongly believe that being part of a larger group will position us to better support this client base with innovative products and services.”
The new group is based in offices in St Peter Port, Guernsey and Reading in Berkshire.
Fusion Systems Limited, The Foundry, Hubert’s Lane, St Peter Port, Guernsey, Channel Islands GY1 1RG
+44 (0) 1481 721031 email@example.com www.fusionacusoft.com
Fusion Acusoft is a trading style of Fusion Systems Limited a company registered in Guernsey number : 24914
Notes for Editors
EMBARGO UNTIL 8th NOVEMBER 2021
Fusion Acusoft is a trading style of Fusion Systems Limited Websites: www.fusionacusoft.com
Contact : Alan Rowe, Managing Director Fusion Acusoft, Email: firstname.lastname@example.org telephone 01481 721031
This merger brings together two companies who work primarily with Channel Island based clients.
Fusion have 14 staff in total, 12 in Guernsey and 2 in the UK and Vega Solutions have 10 staff in total, currently 8 based in the UK, 1 in Guernsey full time and 1 split between UK and Guernsey.
The merger allows the two organisations to bring together their strengths to support each other and with their combined size and technical expertise provide a real alternative to other companies in the marketplace.
The new technology group will strive to support the islands companies as they move into the next phase of corporate digitalisation.