AUSTIN, Texas, Feb. 27, 2017 /PRNewswire/ -- Banker's Toolbox, Inc., the leader in Bank Secrecy Act anti-money laundering compliance solutions, announced today the acquisition of Georgia-based Integra Systems. Integra Systems provides customer due diligence and OFAC scanning solutions to financial institutions, insurance companies, auto dealers, brokerage firms, healthcare providers and more.
The company's powerful OFAC scanning technology, IQ AutoScan™, will be integrated into Banker's Toolbox's existing product suite. IQ AutoScan™ scans customer databases and other files on a daily basis against the OFAC list, Politically Exposed Persons (PEP) list, FinCEN, EU/UK/UN sanctions list and any other list, automatically with no manual steps required.
Banker's Toolbox is focused on accelerating its growth through the acquisition of new technologies and capabilities for its customers. "We are incredibly excited to welcome Integra Systems and its customers to the Banker's Toolbox family," said CEO Wayne Roberts. "Our business is experiencing record sales and we believe the addition of Integra to our family is a great fit for all parties."
Banker's Toolbox will continue to aggressively seek out companies like Integra Systems whose strategies align with theirs. "Integra's capabilities will add value to our customers and our strengths," said Wayne. "And this is just the beginning."
Supported by private equity firm Accel-KKR, Banker's Toolbox has a vision to be the partner of choice for any organization that is subject to regulatory compliance, even outside of the financial industry. "We are bullish on the Banker's Toolbox team and growth potential," said Park Durrett, Principal at Accel-KKR. "This acquisition adds to a strong and growing portfolio of compliance-related solutions provided by Banker's Toolbox and will continue the momentum we have seen the team bring to both their customers and the industry in the last several quarters."
To learn more about Banker's Toolbox products and services, visit www.bankerstoobox.com.
About Banker's Toolbox, Inc.
Austin, TX-based Banker's Toolbox, Inc. helps organizations manage risk and streamline compliance. The company's product suite consists of proven solutions for money laundering detection and reporting, risk management through fraud prevention, secure wire processing automation, and commercial real estate loan portfolio risk assessment. The Banker's Toolbox team is a unique combination of seasoned bankers, former regulators, and information technology experts. For more information, visit the company's website at www.bankerstoolbox.com.
About Integra Systems
Integra Systems was formed in 1994 by banking and IT professionals. The company has extensive experience in regulatory compliance, lending, operations, and financial reporting. Integra Systems can help all industries such as banks, insurance companies, automobile dealers, and others comply with the OFAC, BSA, Patriot Act, and Red Flag requirements. Integra Systems offers a broad range of products from stand-alone server solutions to web-based products in an effort to manage risk. For more information, please visit www.integrasystems.net.
Accel-KKR is a technology-focused private equity firm with $4 billion in assets under management. The firm invests primarily in growth-oriented software and technology-enabled businesses well positioned for topline and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel-KKR network. For more information, please visit www.accel-kkr.com.
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SOURCE Banker's Toolbox, Inc.