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Fusion Systems Limited and Acusoft Limited have merged to become Fusion Acusoft, a single financial services-focused software development business with specialist wealth management and tax reporting products.
The new company will continue to develop and support all existing software created by the former two companies, while "evolving" their product in order to "meet the increasing challenges of the financial services industry."
Fusion Acusoft still has a core Channel Island client base, but will now serve over 150 organisations across more than 20 jurisdictions, and its larger scale and resources provide an impetus for further growth through product development and adoption of new technologies.
“We have known Acusoft for many years and we’re delighted we are now one,” said Managing Director Alan Rowe, who is joined by Gary Munro as Director.
“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.”
Fusion Acusoft currently offers software solutions for Trust, Company, Fund and Pension Administration, as well as Regulation Technology products. These include the Flyingboat Tax Data Exchange for FATCA and CRS Tax reporting, and tools for interacting directly with the Jersey Registry.
Mr Munro said that the merge will bring "real benefits" to clients of both former companies. “Acusoft’s business has been built on long-term relationship with our clients,” he said.
“They 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 better than ever.
“With developments to follow that will focus on driving down the cost of doing business through process automation in areas list Client on-boarding and utilising robotic automation of processes, there is a lot of new technology to come.
Pictured Top: Alan Rowe, Managing Director of the new Fusion Acusoft financial technology firm
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