SaaS Solution Provider CORE Business Technologies Makes Two Acquisitions In Government Payments Space

Established in 1983, CORE Business Technologies is a leading provider of integrated payment transaction, processing, and reconciliation, helping customers harness the complexity of multiple host systems and delivery simplicity through a single enterprise solution. The company offers three key lines of business: enterprise revenue management, document management, and network management. CORE Business Technologies’ certified affiliations include partners such as Microsoft, Novell, Cisco, IBM, Oracle, Hewlett-Packard, Savin, Riso, and others.

This week, CORE Business Technologies purchased Instant Payments and eGov Strategies, both government payments software companies. The financial terms of the acquisitions are currently undisclosed.

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Customers of CORE Business Technologies experience a transaction lifecycle with efficient and easy interactions between government, healthcare, and higher education providers. The fintech is a single source vendor that streamlines world class service across their face-to-face, self-service, and back office processing, while harmonizing data into one accessible platform. They are a portfolio company of Banneker Partners, which invests primarily in software, SaaS, internet, and technology business services.

Indianapolis-based software and services company, eGov Strategies LLC, was founded in 2001 by Alan Pyrz and Ken Barlow. Aimed at local, state, and federal Government, eGov Strategies runs a comprehensive suite of software enabling enterprise payment services, content management, and interactive services. The focus is lowering the cost while engaging constituents, enabling convenience and transparency with payments.

Instant Payments is a payments facility that provides customized payment pages for businesses, education, and government entities online. Using robust virtual terminal software, customers are able to integrate, provide, and process ACH (e-check), debit card, and credit card transactions online, in office, or on the phone. Real-time analytics, flexible payments, competitive pricing, and heightened security are benefits offered by this fintech.

CORE Business Technologies has not yet disclosed its plans for the new acquisitions, but regardless, the addition of the two companies indicates a move toward government payments offerings, adding to its suite of revenue, document, and network management services.