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ANDERSEN CONSULTING ACQUIRES BANCA SOFTWARE

 NEW YORK, Oct. 28 /PRNewswire/ -- The software products of Dallas- based BancA(R) were acquired today by Andersen Consulting from Michigan National Corporation, a bank holding company based in Farmington Hills, Mich. Prior to this acquisition, BancA had partnered with Andersen Consulting, a global management and technology consulting firm, through a three-year strategic relationship.
 With this acquisition, Andersen Consulting will accelerate the development of the BancA product line under a client/server architecture. The BancA identity and staff will be maintained with BancA operating as an enterprise group within Andersen Consulting.
 BancA offers a suite of software products designed to provide banks with commercial relationship management solutions. BancA's flagship product, POWER 1(R), streamlines the lending process by integrating customer information and generating required documentation from application through closing while tracking the status of the loan through the process. Market/POWER(R), its recent product extension, supports business development and sales management for both credit and non-credit organizations within banks.
 "The current demands of our banking clients require the best managerial and technological solutions available," said John C. Skerritt, Andersen Consulting's managing partner for financial services. "The integration of BancA into Andersen Consulting will bolster our ability to provide clients with these solutions through cost-effective and innovative combinations of software and integration services. It will also provide us with a stronger base on which to build new banking solutions."
 The three-year strategic relationship between Andersen Consulting and BancA resulted last year in the formation of the Solutions for Commercial Banking (SCB) alliance among Andersen Consulting, BancA, Microsoft and Micro/Resources. "The acquisition and the formation of the BancA enterprise group furthers our commitment to providing the financial services industry with the best possible solutions for supporting their strategic goals," said Charles McDonough, Andersen Consulting partner-in-charge of technology for the financial services practice worldwide.
 "This acquisition has many benefits for BancA. First it brings to bear the full capability of Andersen Consulting in both the domestic and international sales and marketing of our products. Second it results in more rapid development of our product line," said John Cook, CEO of BancA. "The intent is to deliver a total solution, supported by our packaged software and the extensive strategic consulting project management, systems integration and change management services of Andersen Consulting."
 Andersen Consulting is an international management and technology consulting organization whose mission is to help its clients change to be more successful. The organization works with clients from every industry to integrate their people, processes, strategies, and technologies. Andersen Consulting has more than 26,000 people in 151 offices and 47 countries.
 -0- 10/28/93
 /CONTACT: Kate Rudden, Andersen Consulting, 212-708-3999 or Susan Hood, BancA, 214-788-0018/


CO: ?Andersen Consulting; BancA; Michigan National Corporation ST: New York IN: FIN CPR SU: TNM

LG-RW -- NY028 -- 7857 10/28/93 11:37 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:470
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