Collection Giant Baycorp Merges Software Operations

Sydney, Australia – Shares in debt collector Baycorp Advantage Ltd lifted more than two per cent on Tuesday as the company announced plans to amalgamate its software businesses.

Baycorp Advantage’s group marketing and communications manager Adam Cooke said the Sydney-based company was looking to manage its Melbourne Decisions Solutions business from Sydney, in a move aimed at strengthening two similar operations within the group.

Shares in Baycorp closed seven cents, or 2.5 per cent, higher at $2.87.

Baycorp Advantage makes 80-90 per cent of its earnings through its credit check and debt collection operations.

Its customers include banks, telcos, financial institutions and retailers offering credit.

The group’s technology services, which make up two to five per cent of total earnings, include the DecisionPoint business, which supplies software enabling Baycorp’s clients to automate their own credit processes and ARM products which supplies mortgage management technology.

For this complete story, please visit Collection Giant Baycorp Merges Software Operations.