Aryza Group acquires Oyster Bay Systems
Oyster Bay Systems is an end-to-end loan and lease management software company
Pollen Street Capital are pleased to announce that Aryza has acquired Oyster Bay Systems (“Oyster Bay"), an end-to-end loan and lease management software company, headquartered in Swansea, UK. Their lending platform enables the digitalisation of lending processes that drive efficiency and productivity, targeting primarily asset finance operations of non-bank lenders. Their flagship product, Vienna, is used by customers in the UK, France, Spain and Switzerland and adds a number of blue-chip clients to the Aryza’s 1,600+ strong customer base.
Aryza's acquisition of Oyster Bay further expands the group's capability in the loan management sector, adding scale and clien reach in the UK and capability across Europe, while Oyster Bay will benefit from being part of the enlarged Aryza group, tapping into the product innovation within Aryza’s existing loan management software division as well as the group’s distribution channels.
The transaction, which is Aryza’s 8th acquisition since 2018, supports Aryza’s mission to be the leading provider of software solutions across lending and insolvency industries. Aryza has built a strong and compelling value proposition that holistically covers the entire credit cycle, targeting administratively intense, regulated and data driven processes where significant efficiency savings are possible.
Colin Brown, CEO of Aryza Group, emphasised the significance of this acquisition, stating, "We are thrilled to welcome Oyster Bay Systems into the Aryza Group family. This strategic move not only expands our global presence but also plays a pivotal role in reducing fragmentation in the UK lending supplier space. This acquisition will lead to more of the market having access to the full Aryza software offering across the whole credit and debt lifecycle. Our commitment to innovation and efficiency is unwavering, and we believe that consolidation will drive positive change in the industry.”
Anastasia Kovaleva, Investment Director at Pollen Street Capital, added:
“We are pleased to welcome Oyster Bay to the Aryza family and excited to see it through its next phase of growth. Oyster Bay brings a wealth of experience in asset-based lending, complementing and extending Aryza’s existing product offering and customer reach. The acquisition is a continuation of Aryza’s strategy to become a global leader in automating processes across the credit cycle.”