Toronto and Topeka, Kansas–(commercial electric wire) – Suntell, creator of the Square 1 Credit Suite and market leader in lending software for community banks and credit unions, has partnered with Arcadea Group, the only permanent growth investor in the capital of software companies worldwide. announced the completion of its strategic recapitalization.
The transaction will allow Suntel CEO Duane Lancard and Chairman Ronnie Wooten to continue their roles as the company expands its market presence and product roadmap.
“We are excited to partner with the Arcadea team to leverage what the team has built over the past 25 years and continue our growth story together,” said Lancard. He continues, “We are very excited to see what this means for our current and future customers as we implement product enhancements through our Square 1 Credit Suite offerings and increase the value we can bring to the market.” says. he said: Having received many options from various potential partners during this process, Arcadea is familiar with growing companies like his Suntell and considers their long-term approach to growth and market expansion. , selected as an ideal partner. I have no doubt it will be a great partnership for years to come.
Arcadea Group CEO and Co-Founder Daniel Eisen said: Our reputation as a leading provider of lending solutions is well-deserved. We look forward to continuing our legacy of quality products and customer service. ”
Arcadea Group CEO and co-founder Paul Yancich said: He added:
Suntell was founded in 1996 by bankers. Financial data collection and analysis, loans He is trying to solve the labor intensity of all problematic steps such as managing portfolios, managing loan collections. Suntell aims to provide U.S. community banks and credit unions with improved asset quality, enhanced safety and soundness with respect to regulatory review, and streamlined workflows. Santel is a pioneer in Loan Management Systems (LMS) for maximum productivity. Suntel leverages its skills and experience in this area to develop and improve its products in response to feedback from the industry and its valued customers.
About Arcadea Group
Arcadea Group invests in high-quality, independent, and typically founder-controlled software companies for very long periods of time that private equity and development capital firms cannot match. Based in Toronto and investing globally, Arcadea only focuses on companies with ambitious long-term growth potential.