London – November 27, 2003 – Surecomp is pleased to announce that it has completed the acquisition of Highams Business Solutions Ltd., which is based in Caterham England. Highams Business Solutions was a fully owned subsidiary of the Highams Systems Services Group, a publicly traded UK company.
Highams Business Solutions specializes in Factoring software solutions and develops and markets an internationally acclaimed factoring solution called Hi-Finance. The company will be renamed Surecomp Business Solutions Limited.
The acquisition is part of Surecomp’s stated goal of investment in and acquisition of innovative companies in the wholesale banking arena.
Surecomp has made numerous acquisitions in the past including:
- the IMMS treasury product from Hogan (currently CSC)
- Perfect Match confirmation matching system from Genesis
- Powerdealer from mpct Solutions
- Morgan Laboratories
- Surecomp’s investment in Brady Ltd, of Cambridge, England, an innovative software company that specializes in risk management and precious metals trading solutions.
Bryan Martin Surecomp Vice President, who has been involved with Hi-Finance since its inception, will manage the Hi-Finance team. Hi-Finance is currently installed at over 15 locations. The team and Hi-Finance operations will remain in Caterham.