Cassiopae News and Events

September 30, 2011 -- New UK Star in Cassiopae Constellation
Software firm Cassiopae have swallowed up Field Solutions in bid to capture the UK asset finance market. The Paris-based specialist in finance software paid an undisclosed cash amount for 100% of the shares of Field Solutions and took ownership on 27 September. [more]

September 29, 2011 -- Cassiopae sponsors Leaseurope in Vienna
Cassiopae is a proud sponsor of the Annual Convention of the European consumer credit and leasing industries (Leaseurope and Eurofinas). The event is held in Vienna with over 400 participants present.

Photo Caption: Alexander Mikhaylov (Europlan Russia, far left) and Andrzej Krzeminski (EFL Poland, far right) visit the Cassiopae stand at Leaseurope.


September 27, 2011 -- Cassiopae Acquires UK-based Field Solutions Limited
Cassiopae, a market-leading global asset finance software provider, has acquired 100% of the shares of Field Solutions, a UK-based supplier of software solutions and services for asset and credit finance. [more]

August 10, 2011 -- Cassiopae Paris Moves to the 15th Arrondissement
Previously located at 174, Quai de Jemmapes, Cassiopae SAS’s new office has four times as much floor space and can be easily reached by metro (Volontaires L12 or Pernety L13) or bus (62, 88, 95). A detailed map and directions are available [here]. [more]



April 6, 2011 -- S-Pankki Implements Cassiopae Software for Banking Operations
Cassiopae SAS, a market leader in global asset finance software, announced today that S-Bank/S-Pankki of Finland has now fully implemented Cassiopae V4 software to support its new consumer finance loan portfolio. [more]

December 13, 2010 -- Cassiopae Adds New Business Development Director in Central Europe
Cassiopae is pleased to announce that Igor Szabados has joined the management team as Regional Business Development Director.  Igor’s primary responsibilities include business expansion and account management for Cassiopae in the important markets of Central Eastern Europe, the Commonwealth of Independent States, and Turkey. He will be opening a new Cassiopae office in Budapest. [more]

July 29, 2010 -- Cassiopae’s V4 Leasing Software Live at BRD Sogelease
Cassiopae announced the successful roll-out of its V4 Cassiopae leasing software at BRD Sogelease IFN S.A., the leasing
subsidiary of BRD - Groupe Société Générale, the 2nd largest commercial bank in Romania. [more]

May 27, 2010 -- Cassiopae Acquires InfoParc: Fleet Management Part of Global Asset Finance Strategy
Cassiopae announced that it has acquired 100% of the shares of InfoParc, a Paris-based fleet management software provider. The acquisition is consistent with Cassiopae’s long-term strategy of becoming a global leader in the asset finance software niche. Previously owned by Europ Assistance (Generali group), InfoParc’s total revenue for 2009 was 1.5M€. [more]

January 28, 2010 -- Special Feature: Outlook 2010 (Leasing World)
There is much speculation and anticipation regarding the economic outlook for 2010. Will there be the level of economic recovery that the world desperately needs? If so, when will the positive effect on business' trade and people's lives be felt, and how much of an improvement will there be? [more]

January 11, 2010 -- Cassiopae Expands Operations in Africa: Creates New Joint Venture - Cassiopae MEA
Cassiopae SAS, a market leader in global asset finance software and OXIA Tunisia Group announced today the establishment of a joint venture, Cassiopae MEA, for the development, sales, and support of Cassiopae’s products in Africa and Middle East markets. The new venture will be led by Jemil Ben Romdhane, who joined Cassiopae in 2007 and is most recently responsible for developing the latest version of the Cassiopae Front Office product... [more]

September 28, 2009 -- The Situs Companies Innovates with Cassiopae Commercial Real Estate Software
Cassiopae U.S., Inc., a leading provider of global asset finance software, has been selected as part of The Situs Companies’ initiative to provide technology advances to the commercial real estate industry. Situs, a leader in global commercial real estate solutions, will use Cassiopae’s commercial real estate software as its in-house servicing system. The software will help the company streamline processes, improve visibility across product lines, and mitigate risk. Situs customers include prominent financial institutions, institutional investors, private owners, and developers...[more]

September 21, 2009 -- Cassiopae Adds Senior Vice President of Asset Finance
Cassiopae SAS, a leading provider of global asset finance software, is pleased to announce that Ian Charik has joined
the management team as Senior Vice President of Asset Finance. Ian’s primary responsibilities include business development for Cassiopae’s innovative leasing software in the UK and US markets...[more]

July 13, 2009 -- Cassiopae and Capgemini Expand Partnership: Synergies Valuable for Global Clients
Cassiopae has expanded its collaboration with the Finance Services Global Business Unit of Capgemini, one of the world’s foremost providers of consulting, technology, outsourcing, and local professional services. Since 2007, the two companies have worked together on implementations of Cassiopae’s loan and leasing software. Recently, Capgemini signed on as one of Cassiopae’s outsourced, off-shore technology resources as well....[more]

June 2009 --5 Things Your Software Needs for the New Economy (Leasing World)
One bright spot in the globe’s recent economic woes is the role today’s technology can play in retooling companies for success in the new world of global asset finance. Just a few years ago, technology would have fallen short. Healthy margins accommodated
costly, less-than-efficient processes. Businesses had no choice but to wait for legacy solution vendors and IT to deliver system changes. Now, advances in technology and its innovative application bring new opportunities...[more]

January 20, 2009 -- Société Générale Selects Cassiopae Software to Manage its Leasing Portfolios Worldwide Cassiopae announced that Société Générale, one of the largest financial services groups in the euro-zone, has signed a master agreement with Cassiopae for its industry-leading leasing/loan software. The selection was part of a global project that, beginning in Romania, will eventually roll out to at least 25 Société Générale subsidiaries worldwide. “We’ve selected Cassiopae after a global review of all of the major leasing software [more]

November 18, 2008 -- The Quest for the Holy Grail in Asset Finance Software (World Leasing News)
Despite our numerous achievements, human beings are naturally resistant to change. It often takes pain or fear to get us to move beyond what we have grown comfortable doing. This reticence plays out in our businesses as well. There, for example, we often
hang onto rather than replace outdated technology even when it is impacting bottom-line productivity and costs. But, things are heating up... [more]

May 20, 2008 -- Cassiopae Software "Live" at Global Investment Bank in Asia and U.S.
Cassiopae announced that a large, global investment bank, has successfully converted its U.S. private wealth management loans to Cassiopae’s loan and lease management software. The bank’s highly-structured lending product was converted over a period of six months.  The project required integration with borrowers’ client statements and web sites.  The Cassiopae software enables the rapid processing of highly-complex loans previously managed by labor-intensive, costly workarounds to the bank’s legacy software system.  The bank has already realized considerable productivity gains and cost reductions from the conversion. The U.S. project took place following the successful conversion to Cassiopae of several thousand sub-performing and non-performing loans at the bank’s operations in Asia.  “These projects showcase Cassiopae’s unparalleled loan-product flexibility as well as its multi-country, multi-lingual, and multi-currency capability,” said Noel Webster, president of Cassiopae in the U.S.

March 20, 2008 -- Cassiopae Acquires ING Conseil
Cassiopae has acquired ING Conseil, developer of Serenity software.  The acquisition enables Cassiopae to extend the breadth of its industry-leading software, which manages loan and lease contracts, to include a 100% web-based, point-of-sales solution specialized for vendor finance.  Serenity’s functions will be integrated into Cassiopae’s new software solutions based entirely on Web 2.0 technology.

Serenity's notable features include a configurable component allowing automatic rating of financing requests and an integrated workflow providing the ability to manage requests from various distribution channels (bank agencies, suppliers, brokers, etc.).  Conceived by Jemil BenRomdhane, the pioneering Serenity software product was chosen in 2007 by an important European leasing company for its front-office operations.

“The acquisition of ING Conseil is an important part of our strategy to become the leading supplier of loan and lease lifecycle software for asset finance operations worldwide.  Integrating Serenity’s innovative features into our system and bringing on designer Jemil BenRomdhane as Cassiopae’s front-office product manager will bring important, new opportunities to our clients,” says Emmanuel Gillet, President of Cassiopae SAS.  “The acquisition confirms the dynamism of Cassiopae in the European financing and leasing software market,” he adds. 

June 19, 2007 -- BNP Paribas Développement Becomes Minority Stakeholder in Cassiopae
Cassiopae SAS, a global provider of enterprise asset finance software, today announced that BNP Paribas Développement, a wholly-owned subsidiary of BNP Paribas, became a minority shareholder of Cassiopae.  BNP Paribas Développement is a private equity firm, specializing in providing growth capital to small caps.  The BNP Paribas subsidiary joins Avenir Enterprises as private equity investors in Cassiopae.  According to Emmanuel Gillet, President of Cassiopae SAS, “The quality of the investors interested in supporting the management team at Cassiopae speaks volumes about the quality of our products, services, and resources.  We look forward to continuing to add measurable value for our many clients and investment partners.”

October 19, 2006 -- Management Leads Successful Buy-Out of Cassiopae from EnableUs (Capmark)
On October 19, 2006 a combined group of French and US managers led the successful buy-out of Cassiopae from EnableUs (owned by Capmark). The team is led by Emmanuel Gillet, the former Managing Director of ORFI in Europe and Noel Webster, the former President of EnableUs (formerly McCracken). Cassiopae is headquartered in France and has operations in the US and in Japan. With its deep roots in international commercial lending for enterprise customers, Cassiopae provides a single solution for managing all asset-backed financing needs including leases, loans, commercial mortgage, and construction lending.

Events:
November 30 - December 2nd: SIMI Real Estate Event, Paris