Automated Systems, Inc.

Automated Systems, Inc. is a U. S. -based company specializing in tailored core banking software solutions designed for community banks, enhancing their operational efficiency and customer service capabilities.

Founded in 1981 and headquartered in Lincoln, US, Automated Systems, Inc. focuses on providing innovative banking technology solutions. The firm has undergone various strategic pivots to cater specifically to the needs of community banks and does not have any known subsidiaries. The CEO is Bradley Perry, who has a significant background in the software industry.

Automated Systems has been involved in 1 investment deal, with the most recent deal occurring on August 27, 2024, indicating the company's ongoing growth trajectory. Automated Systems, Inc. (ASI) specializes in providing comprehensive core banking software solutions tailored specifically for community banks across the United States. Its main offerings include the Insite Core Banking System, which integrates various banking applications such as online banking, mobile banking, document imaging, and check imaging.

These solutions enhance operational efficiency and customer experience, allowing banks to manage financial transactions, account monitoring, and compliance requirements seamlessly. ASI’s client base primarily consists of community banks that require cost-effective and competitive software solutions, deployed across various geographical markets throughout the U. S. Automated Systems, Inc.

generates revenue through a subscription-based model, where community banks pay for access to their core banking solutions and accompanying services. This typically includes initial setup fees for implementation, followed by recurring fees based on the usage of various applications and services provided by ASI. Additionally, clients may engage in partnerships for supplementary services such as training and technical support, which are important for the adoption of the Insite Core Banking System. The company tailors pricing structures for each client, ensuring financial arrangements reflect the scale and capabilities required by the banks they serve.

In August 2024, Automated Systems, Inc. was acquired by Banyan Software Holdings, LLC, a portfolio company of Norwest Venture Partners. The acquisition aims to facilitate the expansion of Banyan Software Holdings, LLC and establish partnerships with various enterprise software holding companies. The company is strategically positioning itself to launch new products while targeting community banks across additional geographic regions.

Specific details on upcoming product launches have not been disclosed, but the recent acquisition will likely enhance ASI's capabilities to serve an expanding client base.