Guernsey software business Fusion Acusoft has merged with UK-based Vega Solutions to form a technology group providing solutions to financial services businesses in the Channel Islands and beyond.
The new business will offer software solutions to banks, trust and company administration, fund administration and pension administration organisations.
An expanding suite of regulation technology products will include FATCA and CRS tax reporting software and automation tools for the Jersey digital registry, extending the portfolio under the Vega Solutions, Flyingboat and Acumen brands.
The merged business, which continues to have a core Channel Islands client base of 150 organisations in more than 20 jurisdictions, has offices in St Peter Port and Reading in Berkshire.
Fusion Acusoft MD Alan Rowe and Gary Munro are joined by Vega MD David Collings as Directors of the new business.