Ireland-based financial software provider Aryza Group has acquired Axcess Consulting, an Australian provider of loan management software to blue-chip financial services companies.
Established in Geelong in 1991, the Axcess platform is a scalable SaaS offering that helps, non-bank lenders manage loan origination, underwriting, servicing, and investment management.
It serves financial services companies across Australia, the UK, Ireland, Asia, and Canada.
Axcess CEO Ivan Colak said: “As the owners, we have always tried to create an environment where our team members felt the same sense of ownership of the Axcess platform and our loyal customers, as we did.
“We were motivated to find a company such as Aryza, who had a business strategy and strength that compliments Axcess but could also act as custodians for what we had built.”
“We could not be more excited for the future growth and opportunities provided by Aryza for the Axcess platform and the benefits it will bring to our valued partners.”
Aryza said the acquisition of Axcess will expand its reach in the APAC region, which has a potential for further expansion and cross-selling of its lending and debt management solutions.
The acquisition will benefit existing Axcess customers with access to product innovation within Aryza’s existing loan management software division, along with its global reach.
It is Aryza’s ninth acquisition since 2019 and supports the company’s mission to become a top provider of software solutions across the entire credit-debt lifecycle.
Furthermore, it has built a strong end-to-end proposition targeting administratively intense, regulated and data-driven processes across lending and debt management, said Aryza.
Aryza CEO Colin Brown said: “This strategic move aligns perfectly with our mission to expand our global footprint and deliver innovative financial solutions to a wider audience.
“Axcess Consulting’s expertise and local market knowledge complement Aryza’s technological capabilities, creating a powerful synergy that will enhance our service offerings and provide greater value to our clients.
“We look forward to driving growth and innovation in the financial services industry across Australia.”
