London Bridge buys stake in Amelia Financial Systems
London Bridge Software has bought a minority stake (less than 20%) in UK-based operational risk management software company Amelia Financial Systems. It refused to provide more specific details on the financial terms of the deal.
Gordon Crawford, chairman of London Bridge Software, said its customers viewed op risk as an important area to manage. “We expect to see significant synergies in what we believe to be one of the fastest growing areas in the banking software sector since the release of the Basel II consultative document,” said Crawford.
London Bridge was founded in 1987, and has more than 1,000 customers worldwide typically using its credit risk management, customer relationship management and core banking systems software and services. UK clients include Lloyds TSB and insurance company Royal and Sun Alliance.
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