Akcelerant Software LLC has acquired its largest competitor in the collections and recovery software space for community financial institutions, the suburban Philadelphia company announced.
The Guthrie Phillips Group of Vancouver, British Columbia, has been re-named Akcelerant Software Canada ULC and the combined company now serves about 350 credit unions, it said.
Akcelerant's plans for GPG's TopNotch collections product include building interfacing capabilities to one of Akcelerant's premier business partners, SWBC, through the integration of SWBC's Payment Reminder Service (PRS).
The company-which last year also acquired the TAPS loan-origination software business of FORUM Solutions - said it now maintains multiple, preferred partner or distribution agreements with banking core processing providers that supply data processing services for more than 65% of the community banking industry.
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