Saturday, January 16, 2021

Software developer strengthens position in financial services market with new acquisition

The Aryza Group, which has offices in Nottingham city centre, has acquired Anchor Computer Systems, in a move that will strengthen Aryza’s position within the financial services and insolvency market.

Developers of flexible software solutions, Aryza incorporates technology such as Open Banking and AI-informed decision making to automate the financial restructuring and recovery journey.

Through its acquisition of Anchor, a business which has been developing loan and lease management systems for over 40 years, Aryza will further expand its portfolio of complimentary software products.

The combined Aryza business will service and support a growing client base of over 300 lenders of all sizes, including both challenger banks and specialist lenders operating in regulated and non-regulated loan markets.

Commenting on the acquisition, Colin Brown, Chief Executive Officer of The Aryza Group, said: “We are really pleased to welcome Anchor Computer Systems to the Aryza Group – a move that significantly accelerates our strategy of becoming the leading global provider of financial services software.

“By establishing advanced lending capabilities across the full loan management lifecycle, from loan originations and underwriting, through to loan servicing, customer self-service and collections solutions we can now boast a product offering unlike any other business operating in these markets.”

Commenting on the deal, Paul O’Sullivan, Chief Executive Officer of Anchor, said: “We are very excited to be joining the Aryza Group, with a proud history of over 40 years providing loan management solutions across the UK and Ireland, this acquisition allows us to offer both new and existing customers a wider range of feature rich solutions.

“We will combine with the existing Aryza Lending division and continue to develop flexible functionality that the lending market needs.

“Our intention is to rebrand the combined lending division as Aryza Lending Solutions over the coming weeks and look forward to speaking to lenders about the solutions we can offer.”

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