Fusion merges with Acusoft
Oct 26, 2020
Fusion Systems Limited and Acusoft Limited have recently merged to become Fusion Acusoft. This consolidation sees the two innovative organisations creating a single financial services focussed software development business with specialist wealth management and tax reporting products from the
Flyingboat and Acumen brands. The new company will develop and support all existing software applications and continue to deliver excellent customer support and progress for an evolving product set to meet the increasing challenges of the financial services industry.
The merged business still has a core Channel Island client base although clients now number over 150 organisations and these are located in more than 20 jurisdictions. The larger scale and resources of Fusion Acusoft provide additional impetus for further growth through a program of continued investment in product development and the adoption of new technologies. The business is committed to all of its current products and is developing a road map for the introduction of new technologies and updated products in the coming months. As a result, the new business is now able to provide a real alternative to the larger less flexible software providers operating in the same space.
Fusion Acusoft now offer software solutions to a broad range of financial services organisations encompassing Trust and Company administration, Fund administration and Pension administration. Additionally products in the Regulation Technology space (RegTech) including Flyingboat Tax Data Exchange a global solution for FATCA and CRS Tax reporting software, and tools for interacting automatically with the Jersey Registry are becoming increasingly important in the product portfolio.
Fusion Acusoft's Managing Director Alan Rowe is joined by Gary Munro as a fellow Director of the business. Alan Rowe, reiterated that the deal brings together like-minded, client focussed teams. ‘We have known Acusoft for many years and we’re delighted we are now one. The combined business will bring together the respective strengths of both businesses and we will have a full suite of innovative and proven products with a real focus on client service.”
Gary Munro, added that merging with Fusion brings real benefits to clients. ‘Acusoft’s business has been built on long-term relationships with our clients. Our clients operate in a highly competitive and regulated industry and we strongly believe that being part of a larger group will enable us to continue to deliver outstanding products and support to our clients even better than ever. With developments to follow that will focus on driving down the cost of doing business through process automation in areas like Client on-boarding and utilising robotic automation of processes, there is a lot of new technology to come.’
The new business is based at offices in St Peter Port, Guernsey.