Existing members can use the sign in option below.
Bobsguide members enjoy:
Aleri Global Banking has more than 25 years heritage in providing mission critical, high availability, high performance transaction processing infrastructure to many of the world's largest banks. AGB's fully integrated, cross-asset transaction management solutions account for more than 10 trillion US dollars in transactions per month.
Wallstreet solutions also have the capacity to handle high volumes, with its banking solutions processing up to half a million transactions valued at over two trillion US dollars each day.
The Aleri Global Banking products include Atlas, Global Banking Solutions, Continuous Link Settlement Server and Money Transfer. Product names will stay the same, but will be Wallstreet branded. The solutions will also remain technically unchanged for the foreseeable future. All development, client services, consulting and support staff will become employees of Wall Street Systems, which also plans to form and support a Global Banking user group.
"Aleri has always prided itself on providing mission critical solutions and technology for many of the world's largest banks," said Don DeLoach, president and CEO of Aleri. "Aleri will now be expanding its CEP business, in turn enabling Wallstreet to significantly extend its presence in the global banking market. Wallstreet's commitment to delivering operational efficiency while providing high levels of service has been well received by our AGB clients. They will have uninterrupted and continued support from their existing team. Additionally, they will benefit from Wallstreet's global presence; deep domain knowledge; client-centric approach; and financial strength through the backing of its private equity owner, Warburg Pincus."
Commenting on the acquisition, Joel Mandelbaum, president and CEO of Wall Street Systems said: "The addition of Aleri Global Banking extends our global footprint in providing cross-asset back office solutions to global banks - something we are fully committed to for the long-term.
Culturally we are very much aligned, so we expect a smooth integration of Aleri Global Banking into Wallstreet. We welcome its experienced and highly knowledgeable staff, and look forward to building upon their strong client relationships for many years to come."
"The parallels between Aleri Global Banking and Wall Street Systems are clear - both count tier one banks among their client base and both have strong established track records in delivering high volume transaction processing solutions. This acquisition demonstrates Wall Street Systems'
commitment to expanding its presence in servicing the back office, embracing new technologies and delivery models," said Sean O'Dowd, senior research analyst at Financial Insights. "As a result, this is a logical step for Wallstreet, which should see AGB clients benefit from a growing and profitable solution provider as well as being part of a larger client base."
Terms of the transaction were not disclosed. The transaction is anticipated to be completed by the end of May and the integration is expected to be completed by the end of the year.
Openlink, the global leader in trading, treasury and risk management solutions, has won two 2018 Stevie® Awards for individual and team exc...View article
Openlink, the global leader in trading, treasury and risk management solutions for energy, commodities and financial services organizations, today ann...View article
Openlink, the global leader in trading, treasury and risk management solutions for energy, commodities and financial services organizations, has earne...View article