which is based in Atlanta, Georgia. MBAI is recognized as unique provider of
niche trade finance and cash letter solutions. MBAI solutions are currently
installed in numerous locations throughout the United States.
Phil Sowell and Bill Shewey, the MBAI founders, will be joining the operations and sales divisions of Surecomp respectively.
With the acquisition of MBAI by Surecomp, MBAI users will enjoy the benefits of
the Surecomp support strength as well as the product suite of Surecomp.
The acquisition of MBAI further strengthens Surecompâs position as the dominant
trade finance provider in North America. The comprehensive Surecomp suite of
trade finance solutions enables banks to select the solution which best fits their needs while at the same time benefiting from the renowned Surecomp trade
finance knowledge base.
Market Advisory Services (MAS) of Spring Lake, New Jersey introduced and
advised Micro Banking Automation Inc. in the transaction. MAS is an international advisory boutique specializing in commodities, energy and financial information technology. MAS has advised on more than 60 transactions including capital raising, acquisitions and divestitures.