Bancmetrics sales up by 50% since acquisition
Two months on from acquiring the assets of Bancmetrics, the US based application service provider of portfolio accounting and analytics services, COR-IBS, a division of COR Financial Solutions, announce a 50% increase in Bancmetrics revenues.
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The combination of a reliable and functionally rich service and a high quality customer service has been instrumental in achieving this growth from both new and existing customers.
Pat Philpott, president of COR-IBS, says: "This significant increase just goes to prove that the demand for proven ASP solutions is growing, and that we have a compelling product offering. We can now offer solutions to any size of client, from the smallest to the largest of institutions."
Karen Smith, director of ASP solutions, COR-IBS says: "We are very pleased with the response to our integration with PARAGON, COR-IBS's portfolio accounting solution. The support from our existing client base has been tremendous, and we continue to bring more institutions onto our platform."
The Bancmetrics unit operates as a separate ASP solutions unit under the CORIBS division and brings COR a further US presence through their offices in Walnut Creek, California. The Bancmetrics service is currently used by a number of US institutions, including Duncan-Williams, BOSC Inc and Bank Investment Group.