Baycorp buys Aussie software company

Carisbad trades as Axcess Consulting, a company which provides banking software solutions currently used by Baycorp.

Baycorp MD, Keith McLaughlin, says the company has been establishing itself as a key provider of fully outsourced loan management services within Australasia.

"By integrating Axcess into its existing business, Baycorp will now be able to offer a complete range of banking products and delivery channels via licensed software, full outsourced services and ASP capability."

Axcess provides banking software solutions through its Axcess Relationship Manager (ARM) system and a support tools such as accounting and general ledger, email and fax integration.

Baycorp has been using ARM for a number of years together with its own systems and already provides fully outsourced loan management services to a number of lending institutions in New Zealand.

The company says Axcess has an established and expanding client base and is profitable. Axcess' founding shareholders, Kelvin Poole and Ivan Colak, will join Baycorp to help drive its further development and international expansion.

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