VSoft acquires Bancsource's software customer base

Source: VSoft Corporation

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that it has acquired Bancsource's software customer base, allowing VSoft to provide direct service for software support and future upgrades and new solutions.

Bancsource, the largest privately held support company for the financial industries, has been a value added reseller for VSoft software since 1997.

With the deployment of Check 21 and Remote Capture solutions, the competitive landscape is rapidly changing and becoming more aggressive with additional players. Bankers face many challenges in today's fast paced financial industry, and they need a trusted software vendor to provide the most advanced solutions for their check processing requirements. VSoft and Bancsource have been working together to provide software and support services for the last eight years. Together, the two companies have decided to transition their customer base in order to provide the best solutions and support to their joint customers. VSoft's core competency is software and support, while Bancsource will continue to focus on hardware sales and support to this customer base.

"Bancsource was one of VSoft's first software resellers, and we have enjoyed a productive relationship over the years," said Murthy Veeraghanta, president, VSoft Corporation. "We see this as a positive and easy transition to ensure our customers receive the best services available from VSoft and Bancsource. We will serve these customers by providing them advanced software solutions designed to meet the needs of financial institutions of all sizes today and tomorrow."

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