Fargo Group has acquired Bankside Systems Ltd for an undisclosed amount. This corporate acquisition sees Fargo Group take ownership of Bankside Systems, a software development and support company established in 1999. Bankside Systems is known for its specialized services in Microsoft and Gupta (OpenText) technologies, alongside owning and supplying Intermodal Manager, a cloud-based shipping container logistics system. The transaction represents a strategic move to integrate Bankside Systems' distinct capabilities into the Fargo Group's portfolio.
Bankside Systems brings over two decades of experience in developing and supporting business-critical software. Their expertise spans Microsoft development software, Gupta SQLWindows, TeamDeveloper, and Gupta SQLBase, offering crucial support for clients maintaining legacy systems. The company has a strong reputation for developing long-lasting customer relationships through tailored service and robust support, particularly within the UK, Australia, and New Zealand markets for Gupta-based systems. They also offer .NET development and bespoke web and CMS solutions.
The acquisition is expected to generate synergies by combining Bankside Systems’ specialized software development and support services with Fargo Group's operational scope. Fargo Group gains immediate access to Bankside’s deep technical proficiency in both modern .NET development and niche Gupta technologies, a valuable asset for supporting existing software infrastructure and facilitating modernisation projects. The inclusion of Intermodal Manager also expands Fargo Group’s offerings in logistics software solutions.
The integration is anticipated to enhance the combined entity's service delivery and market reach. Looking ahead, the acquisition aims to leverage Bankside Systems' technical expertise and customer-centric approach to further strengthen Fargo Group’s position in the enterprise software and support landscape, offering a broader range of solutions to a wider client base.