Sopra plans growth after integrating Cassiopae

Sopra Banking Software has announced that it has successfully integrated financing software company Cassiopae into the business.

In February 2016, Sopra Steria Group announced a merger with Cassiopae, via its subsidiary Sopra Banking Software, then in January 2017 the group increased its stake in Cassiopae to 100%.

Cassiopae offers financing software specialised in auto, equipment, and real estate financing, as well as consumer and corporate loans.

The solution has been rolled out in 40 countries and 300 locations.

Global Cassiopae customers include Hyundai Commercial, Hyundai Capital and Siemens Financial Services.

In the UK, Cassiopae has clients including Aldermore, Metro Bank and Arkle Finance.

Steve O’Loughlin, managing director of Sopra Banking Software in the UK, said: “With Cassiopae, we add a proven, global solution to our portfolio that is localised for the UK specialty finance market.

“We anticipate that the Cassiopae solution, and Sopra Banking’s ongoing investment in it, will contribute significantly to our growth strategy. We welcome Cassiopae clients and look forward to a continued partnership that delivers value long into the future.”

Alexandre Ellwood, managing director of Cassiopae, said: “The proven, global Cassiopae product together with the strong support of Sopra Banking Software makes for a powerful combination in the UK lease and loan industry. We are a growing force with the means to be a strategic long-term partner for UK businesses.”