Channel Islands financial software firms merge

Posted: 09/11/2020

Alan Rowe_Fusion Acusoft_nov20Channel Islands financial software firms Fusion Systems and Acusoft have merged to become Fusion Acusoft. 

The merger will create a single financial services-focused software development business with specialist wealth management and tax reporting products from the Flyingboat and Acumen brands. 

Although the merged business still has a core Channel Islands client base, it now serves more than 150 client organisations across 20 jurisdictions. 

The business is committed to its existing products and is developing a road map for the introduction of new technologies and product updates in the coming months.  

Fusion Acusoft offers 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 – 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 Managing Director Alan Rowe (pictured), who has led Fusion for the past 25 years, is joined by Gary Munro as a fellow Director of the business. 

Alan Rowe commented: "We have known Acusoft for many years. 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 focus on client service.”

Gary Munro added: "Our clients operate in a highly competitive and regulated industry and being part of a larger group will enable us to continue to support our clients better.

"With developments to follow that will focus on driving down the cost of doing business through process automation in areas like client onboarding and utilising robotic automation of processes, there is a lot of new technology to come."

The new business is based in St Peter Port, Guernsey.

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