COR Acquires ABS Group Products
Banking software firm COR Financial Solutions has acquired the products of London-based multinational ABS Group to expand its banking division, COR Intelligent Banking Solutions. The acquisition takes the COR Group’s turnover to a projected £10 million in the coming year, with operations centres across three continents and a significant presence in the American marketplace. The expanded division will bring together the products of the ABS Group with COR’s existing internet banking solutions product range. The combined entity will boast one of the most impressive ranges of banking software products and services under one roof, from the very latest Java-based internet banking technology at one end through to business critical back office systems at the other. The ABS products which COR has acquired are used by 150 banking organisations across North America, Europe and Asia, including JP Morgan Chase, ING Barings, State Street Bank, Comerica Bank, FleetBoston Financial and BNP Paribas.