Retail Solutions: Cratos Capital Partners, LLC, Implements Fidelity National Information Services' ACBS Product Suite For Its Loan Syndications
Fidelity National Information Services, Inc. (NYSE:FIS), a global provider of products and outsourced services and solutions to financial institutions, announced today the successful implementation of its ACBS Loan Servicing and Syndications Product Suite at Cratos Capital Partners, LLC. Cratos Capital will use the ACBS products to originate and service its middle market loan business.
Cratos Capital has deployed ACBS Loan Servicing, ACBS Origination, ACBS DataMart, ACBS SyndTrak and ACBS SyndTrak Online. Cratos Capital will use the integrated product suite via ACBS' ASP service.
Cratos Capital Partners, LLC, is a commercial finance company specializing in enterprise value lending for middle market clients. Cratos Capital's hybrid lending approach addresses an existing void in the middle market arena and creates customized financing packages with loans ranging from $10 million to $100 million or more. These financing packages can include options such as revolving credit and senior and junior term loans, with structures that fit the unique business needs of each client.
Cratos Capital has deployed the ACBS solutions in its front and back office to efficiently originate and service syndicated loans. In addition, ACBS DataMart will provide true business intelligence, giving Cratos easy access to the information necessary to manage its syndications business. Cratos will use ACBS SyndTrak Online for communication of transaction documents and information on line via secure deal sites.
David Gittleman, co-president of Cratos Capital Partners, LLC, said, "FIS' ACBS Loan Systems was the best choice for our business. We wanted to use a single solution across the front and back office. FIS' product and integration strategies are in alignment with our needs as a growing business. The speed to market, in terms of the three-month implementation and technology deployment in the ASP service, also allows Cratos to concentrate on growing our business while simultaneously using the best technology to provide superior service to our clients."
Richard Levy, president of FIS' ACBS division, said, "We are pleased that Cratos Capital Partners has selected ACBS for its loan syndications business. It validates our strategy to offer an integrated solution to the market that can be deployed in-house or via our ASP. Based on our ACBS application suite, proven experience and leadership in the syndicated lending market, Cratos Capital will be well positioned for future growth."
Fidelity National Information Services' ACBS is an integrated family of commercial lending products that automates the entire range of commercial lending activity, including deal origination, primary syndication Web-based deal publishing, settlement and accounting, risk management and loan trading. Twenty of the top 25 global financial institutions ranked by Tier 1 Capital use ACBS commercial loan software. The products operate in real time in any currency. ACBS products run on Windows and IBM® i-Series platforms or through an Application Service Provider (ASP) and are licensed by more than 90 leading financial institutions, including ABN AMRO, Bank of America, Barclays Capital, Canadian Imperial Bank of Commerce, Rabobank, Dresdner Bank, GE, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank.
About Cratos Capital Partners, LLC
Cratos Capital Partners, LLC, was established in May 2006, as a commercial finance company that provides tailored senior and junior debt solutions to middle market companies on a national basis. The company provides cash flow, asset-based and enterprise value loans to mid-sized companies, with commitments ranging from $10 million to $100 million or greater. It is financed by an affiliate of Deutsche Bank and Flat Hat Holdings, LLC. Cratos Capital is headquartered in Alpharetta, Ga., with syndications operations in Charlotte, N.C.
About Fidelity National Information Services (FIS)
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.