MIAMI, Jan. 25, 2021 /PRNewswire/ -- ASI Group, a
Leading cloud native FinTech, operating in 15 countries, announced
today that it is changing its name to Ladonware ("Ladon") to mark
its next phase of expansion in North
America and the globe. LADON, the 100- headed Greek
mythological dragon, that guarded the golden apples of immortality
in the garden of the Hesperides mirrors the company's eagerness to
fight for the community based financial institutions, one community
at a time.
"We believe that small and medium financial institutions deserve
better, they have settled for imperfect solutions from imperfect
vendors for decades and have little or no option. We are determined
to make sure that they get the best technology, the best service,
the best and most favorable terms and conditions and fair contracts
from a very experienced team that has succeeded in the United States and abroad," explained
Hernando Torres, Ladon's Board
Member and CEO.
Ladon provides SaaS based cloud native, openly integrated
solutions for the financial industry based on a proven, highly
functional, fully scalable core system operating with multi-lingual
and multi-currency capabilities and meeting regulatory standards in
15 countries. The suite includes an award- winning feature rich
Collections solution, a state-of-the-art AI inclusive digital
banking platform, Analytics, and many other ancillary products all
provided either independently or as a comprehensive ecosystem. The
rapidly expanding company currently serves more than 160 financial
institutions half of which are in the
United States.
"Black Dragon Capital, through their intense and deep knowledge
of the financial services market, has encouraged and guided us to
build the next great disruptor in financial technology for
the United States based upon their
incredible track record and experience of building market leading
FinTech companies," continued Torres. "At Ladon we connect
consumers, devices, and financial institutions ubiquitously and
have helped almost 100 financial institutions manage their digital
transformation successfully. We are in the next phase of growth and
development, focused on helping community financial institutions
fight to maintain their relevance, and become a true partner on
their digital transformation journey. No bank or credit union
should settle for archaic technology, poor service, and divisive
contract terms that impede their ability to serve their community
for the long term. We are here to provide a credible
alternative."
Louis Hernandez Jr., Founder,
Managing Director & CEO for Black Dragon Capital, indicated
that "Black Dragon Capital conducted over 200 interviews with
C-level executives from diverse community based financial
institutions and found out that the current technology offering
from the traditional US vendors remains far away from the realistic
market needs and distances more everyday as they neglect updating
and innovating and remain focused on accumulating and serving Wall
Street's ever increasing profit ambitions." Hernandez added that
"at a moment when relevance is at stake, community based financial
institutions cannot stand still and continue operating from core
solutions that were released when the internet didn't exist, mobile
phones were not even available, and ATMs were the novelty. We felt
the need to come to the rescue. I'm excited and proud to have
partnered with Hernando and his team. I remember the early days of
Open Solutions and the powerful growth years. Ladon represents the
opportunity to keep that dream alive, with better technology,
better contracts, and better service, partnered with experienced
investors who invest for the long term."
Ladon has presence in 15 countries, employees over 100
professionals, and operates through 4 offices located in the
Americas. The company is a pioneer in SaaS solutions and everyday
processes more than 10 million financial institutions' accounts
through their core banking, digital platform, collections, an
analytics solutions.
About Ladonware - Ladonware is an information technology
innovator that connects consumers, their devices, and financial
institutions seamlessly and securely by providing the most advanced
cloud based as a service solution. They build trust-based
relationships through high quality service, highly functional and
permanently evolving software, fair and friendly contracts, and
affordable pricing. They have over 160 financial institutions
clients in 15 different countries throughout United Status and the
Americas. Visit them at www.ladonware.com.
About Black Dragon Capital - Black Dragon Capital ("BDC") is a
high- performing private equity firm founded and led by a diverse
manager and team who have a track-record of outstanding operating
and investment success. They make control investments in mid-market
technology companies in growth sectors disrupted by digitization.
They work closely with entrepreneurs to build market leading
companies using their proprietary Black Dragon Toolkit SM. They
have current assets under management of approximately $400M USD. Learn more at
www.blackdragoncap.com.
Contact info: Hernando A.
Torres
Ladonware
hernando.torres@ladonware.com
+1 (786) 4834897
Contact info: Gina Rogoto
Black Dragon Capital, LLC
grogoto@blackdragoncap.com
+1 (305) 539-9415
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SOURCE Black Dragon Capital