ST. LOUIS--(BUSINESS WIRE)--Mar. 6, 2017--
Cass
Information Systems Inc. (Nasdaq: CASS), a leading provider of
integrated information and payment management solutions, has acquired
Effective Telecoms Ltd. (“Efftel”), a privately held UK-based telecom
expense management firm, as Cass continues to execute its global growth
strategy and strengthen its European presence.
With this acquisition, Cass customers benefit from increased service
delivery quality and scalability across Europe, while Efftel customers
are now able to leverage the broader set of services and service
geographies offered by Cass. Additionally, the Efftel acquisition adds
several strategic customers to the Cass client base.
Demand for telecom expense management services in the UK and Europe has
grown significantly in recent years as corporations seek to expand
mobile access, secure IT communication networks, upgrade technologies
and increase reliability -- all while holding down cost.
“The foundation of our growth strategy continues to be our leadership in
service quality and customer satisfaction,” noted Gary Langfitt,
president of Cass Expense Management Services. “Like Cass, Efftel is
steadfast in its commitment to delivering excellent customer service and
tangible, bottom-line savings to clients. This shared philosophy makes
the Efftel acquisition an excellent strategic and cultural fit.”
David Rosenthal, founder and managing director at Efftel, will become
managing director of European Services for Cass Expense Management
Services. “At Efftel, our aim has always been to deliver
forward-thinking and user-friendly approaches to telecom cost management
and, in this, we remain consistent,” Rosenthal said. “As we unite with
Cass, we now offer our European-based clients a truly global solution
for telecom as well as other facility-related and transportation costs.”
“We are committed to providing excellent service and support to our
clients in Europe as well as to the execution of our global strategy,
which includes investment into new markets,” commented Eric Brunngraber,
chairman and CEO of Cass Information Systems. “We eagerly welcome the
Efftel group to Cass, recognizing the success this team has achieved in
serving the complex needs of global corporations.”
About Efftel
Efftel is a specialist provider of mobile and fixed telecom billing,
analysis and procurement support services, established in 2001. Its team
of pan-European analysts, programmers, auditors, project managers and
consultants are all experienced telecom professionals, bringing a
combination of technical and market knowledge to each project. The
company has offices in Basingstoke and Amsterdam. For more information,
see www.efftel.co.uk.
About Cass Information Systems
Cass enables enterprises to achieve visibility, control and efficiency
in their supply chains, communications networks, facilities and other
operations. Disbursing in excess of $40 billion annually on behalf of
clients, and with total assets of $1.5 billion, Cass is uniquely
supported by Cass Commercial Bank. Founded in 1906 and a wholly owned
subsidiary, Cass Bank provides sophisticated financial exchange services
to the parent organization and its clients. Cass is part of the Russell
2000®. Visit Cass online at www.cassinfo.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170306005166/en/
Source: Cass Information Systems Inc.
Cass Information Systems Inc.
Kenn Entringer, 314-721-2828
kentringer@caseycomm.com