Compushare Selected as Preferred Service Provider by Arkansas Community Bankers Association

Santa Ana, CA – (MarketWire – May 7, 2013) Compushare, the nation’s leading Technology Management Provider for the financial industry and pioneer of C³ – the only fully hosted cloud computing solution designed specifically for financial institutions – announced today that it has been selected as the Preferred Service Provider by Arkansas Community Bankers Association (ACB) for its cloud computing and other managed technology solutions.

After a complete due diligence process, ACB selected Compushare as its newest preferred service provider for a unique suite of outsourced technology management, including the C³ platform, giving community banks the ability to focus on their core business of providing a high level of service to their customers, while reducing the burden and ongoing costs associated with owning and managing technology in house.

Cloud computing has become “commercially acceptable and necessary” to the financial services industry, according to Nicholas Brewer of Aite Group (Bank Systems & Technology, 12/14/2012). It’s not just core processing that is moving to the cloud, but all applications, allowing community banks to get out of the business of maintaining on-premise technology and focusing on serving their customers. In 2011, Compushare launched its C³ solution which has led to the company’s rapid growth and widespread adoption in the financial services industry.

“In our opinion, community banks need to adopt cloud computing in the near future to realize the full range of benefits a cloud solution delivers, and no other providers have built a cloud environment specifically for financial institutions. Compushare’s C³ platform, designed to meet our industry’s growing regulatory requirements, hosts over 200 applications and is integrated with most of the core processors,” said Richard Trammell, Executive Director. “Compushare is our recommended choice for ACB member banks prepared to move to the cloud, and its best-in-class reputation is backed by being named one of the top 25 managed service providers by MSPmentor on their global 501 list (”

“Compushare is very excited to have been selected as the preferred service provider for cloud computing and other managed technology solutions by Arkansas Community Bankers Association” said Romir Bosu, CEO and founder of Compushare. “We have experienced adoption of cloud computing within community banks of all asset sizes and along with ACB, believe the market is ready for a solution which assists in controlling costs, increasing efficiencies and preparing for increased compliance requirements. We look forward to working closely with ACB to ensure the right technology solutions are delivered to the ACB member banks” added Bosu.

Kathleen Roberge
Chief Business Development Officer
(714) 427-1018