0 £0.00
This item was added to your basket
Credit Strategy homepage

Dear visitor,
You are viewing 1 of your 1 free articles

We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Loan management provider Anchor acquires managed services business

Fintech specialist and loan management platform provider Anchor Computer Systems has completed the acquisition of the managed services business of VTG Cloud.

Share on LinkedInShare on TwittereCard

The seven-figure deal includes the assets and contracts related to the managed services side of VTG Cloud. VTG Cloud will continue to operate the other aspects of its business.


It includes two data suites operating out of two of London facilities – Telehouse North 2 and Equinix Hex LD8. It means Anchor can now offer existing and new customers platform as a service, infrastructure as a service, disaster recovery as a service, and backup as a service.


Anchor employs almost 60 people across its two offices in Birmingham and Bangor. The company provides software for the financial services sector with its loan management platform, Sentinel, which is used by around 200 customers. Its Journeyman product is also used by over 100 home credit providers.


Chief executive Mike O’Sullivan said: “We have worked with VTG Cloud for over eight years with them providing us with us with managed services for all of our software-as-a-service-related business. When the opportunity came up to acquire that side of the business it was a natural fit for us and our future strategy.


“We will be able to offer new services to existing clients around systems and infrastructure – services such as infrastructure as a service, disaster recovery as a service and backup as a service. The potential of the new operation is huge.


The acquisition of the Hampshire-based VTG Cloud business was completed during the Christmas period.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.


Upcoming events

Credit Summit

Credit Awards

FSE - Week

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group