Fintech firm swoops for VTG Cloud’s managed services business
Birmingham-based fintech specialist Anchor Computer Systems has completed the acquisition of the managed services business of VTG Cloud in a seven figure deal.
The acquisition includes the assets and contracts related to the managed services side of VTG Cloud. VTG Cloud, based in Hampshire, will continue to operate the other aspects of its business.
It includes two data suites operating out of two of Europe’s most prestigious facilities – Telehouse North 2 and Equinix Hex LD8.
The dual sites enable Anchor to offer customers high availability solutions using the latest Metro Cluster technology from Hewlett Packard, VMWare and Veeam.
Anchor can now offer existing and new customers Platform as a Service, Infrastructure as a Service, Disaster Recovery as a Service, and Backup as a Service.
Anchor employs almost 60 people across its two offices in Birmingham and Bangor.
The company is one of the UK’s leading providers of software solutions for the financial services sector with its loan management platform, Sentinel, now used by over 200 customers. Its Journeyman product is also widely used by over 100 home credit providers.
Anchor’s CEO Mike O’Sullivan led a management buyout of the company in 2004.
Since then the business has grown rapidly with customers in the UK, Ireland, Channel Islands, Isle of Man and Australia.
O’Sullivan said: “We have worked with VTG Cloud for over eight years with them providing us with us with managed services for all of our SaaS related business.
“When the opportunity came up to acquire that side of the business it was a natural fit for us and our future strategy.
“We will be able to offer new services to existing clients around systems and infrastructure – services such as Infrastructure as a Service, Disaster Recovery as a Service and Backup as a Service. The potential of the new operation is huge.
“Anchor’s existing business is immersed in the Fintech space which means our clients are assured that they are partnering with genuine industry specialists with a total understanding of the regulatory environment in which we operate.
“We are looking forward to rolling out our expanded suite of technology and products to existing and new clients.”
