Syscorp push for growth gathers pace with CSC deal
Financialplanning software providerSyscorphas signed an alliance with Computer Science Corporation (CSC) for the latter to act as a distribution channel for Syscorp’s Complete Investment Management (CIM) product.
The deal will result in CIM — a back-office system for fund managers and corporate superannuation businesses — being offered to CSC’s 60 clients.
Syscorp head of sales Ian Dunstan says CIM will be particularly useful for people within the CSC client base, such as tied financial planners, who will be able to offer a broader range of products.
The deal will have repercussions for Syscorp revenue, according to Dunstan, as he says CSC is a “tier one” player, servicing a lot of large clients, and will therefore bring opportunities to talk to more people.
The deal comes only weeks after an alliance signed with US-basedAdvent Software, leading to Syscorp providing local client support and consulting services to the global group’s 85 Australian and New Zealand-based clients.
Dunstan says the new deal with CSC, as well as the recent alliance with Advent, is part of a new strategy of growth for Syscorp, which he expects to lead to a rapid expansion in client numbers.
He says the group has reached the stage where it needs a big partner like CSC to assist it through the period of growth.
Dunstan adds that over recent years the market has slowed somewhat, but that activity appears to be picking up now with people once again looking at new products.
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