Vela Software acquires EPIC Loan Systems, provider of end-to-end loan management solution serving North American online loan providers.
Miami, FL, USA – September 10, 2018 – Vela Software acquires EPIC Loan Systems, provider of end-to-end loan management solution serving North American online loan providers.
Vela Software and its subsidiary Aquila Software (“Aquila”) announced today that it has closed the acquisition of the assets of EPIC Loan Systems (“EPIC”). EPIC is the developer of the EPIC Loan Systems product, an end-to-end loan management solution serving North American online loan providers.
“EPIC is a great addition to our FinTech portfolio and deepens our functionality into new segments. We welcome EPIC customers and employees to the Aquila family.” said Mike Byrne, CEO of Aquila.
EPIC works with online installment lenders and provides a best of breed solutions for the online installment lending market.
Brian Martin, President of EPIC said: “Our team is excited about the joining Aquila and the opportunities it creates for our customer base and employees. We look forward to keep serving our customers with solutions and services to assist every critical element in the lending cycle.”
EPIC was represented in the sale by Transworld M&A Advisors.
Vela Software is a global provider of software solutions to a number of vertical industries. As an Operating Group of Constellation, Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Vela companies invest in becoming leaders in their industries to better serve their customers. We help companies improve their operations, grow through organic initiatives, and seek acquisitions that can strengthen their market position.
About Aquila Software
Aquila is focused on providing great solutions to Housing, Finance, Banking, Insurance, Higher Education, Travel & Public Sectors throughout North America and Europe. Aquila’s businesses focus on long-term relationships where our mission critical solutions evolve with our client’s business needs.
About EPIC Loan Systems
EPIC Loan Systems is a premier provider of Loan Management Software. EPIC helps contain customer acquisition and operating costs with its robust, turnkey loan servicing solution. EPIC was designed by industry experts who understood the challenges faced by lenders, as well as their technical needs. EPIC offers a high-tech, high-touch solution, with a consultative approach to helping lenders grow their businesses responsibly.