 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
SLM is a publicly traded company, listed on the Toronto Stock Exchange (under symbol ESP). SLM has been consistently profitable since it was established in 1986, posting a compounded annual growth rate of 52%. SLM Software Inc. provides advanced end-to-end transaction management solutions that enable payment systems and electronic commerce for financial institutions worldwide. SLM leads the open-systems market for on-line transaction processing offering our customers the advantages of simplified system management and the flexibility to create dynamic, user-friendly customer services. From the world's first open-systems client-server transaction management system to the latest solutions in Internet banking and smart cards, SLM keeps financial institutions and their customers ahead in 35 countries on four continents. Recent acquisitions have dramatically extended the company's ability to service high-growth vertical markets in the financial industry, health care, insurance and electronic commerce. SLM continues to build momentum as the leading customer-driven electronic transaction management resource for the financial industry. The company is expanding its network of local offices in key international markets, and offering an ever broader range of services, including advanced retail banking solutions and knowledge generating software to deliver insight into customer choices and needs. At SLM, we help our customers connect with their customers, building more responsive services, shaping better service delivery, and ultimately, forging stronger, more resilient customer relationships – relationships no competitor can get close to. SLM is expanding its ability to serve a broad spectrum of financial markets through the strategic acquisition of companies with complementary products and expertise. In banking, SLM's ability to deliver solutions with powerful customer appeal gained momentum with the acquisition of FMR Systems in October 1997. FMR is a front-running developer of retail banking solutions focused on building dynamic relationships with customers. Prior to the acquisition of FMR, the two companies had worked together successfully on a number of projects. SLM's strategic diversification into the insurance and health care service markets was accomplished with the acquisition of GSA Consulting Group Inc., a leading Canadian-based health care software company in December 1997. GSA is a pioneer in the emerging ‘IP3' insurance environment – a market defined by Integrated Payers, Intelligent Providers and Informed Patients. The company's products provide both public and private insurers with tools to better understand and manage health resources. Since 1997, SLM's mandate has been to diversify its global revenue base, which had historically been in international markets. The United States represents considerable opportunities for SLM, where the market for electronic financial services is estimated to be over US$3 billion by year 2002. Objective: Achieve major market share in the United States. GROWTH STRATEGY: Key to SLM's growth strategy is to gain significant penetration in the financial services industry in North America, particularly the United States. Extensive market analysis determined the key success factors for successful U.S. entry required: Brand recognition Sales and distribution channels Scalable, integrated open system technology Support and service Plan in Action: SLM determined a strong "distribution" acquisition of an established company would provide the brand equity and channels to achieve a successful footing in the U.S. market. SLM also sought strong management leadership who shared a common vision and would not drain on SLM's management team. Market analysis identified the mid-size community banks and credit unions with assets from $50 million to $5 billion represented the most attractive target markets for SLM. The consolidation within the U.S. banking industry has put pressure on these financial institutions to introduce new products and services in order to compete against the mega banks. SLM Management projects that SLM will generate revenues of more than $100 million and earnings of approximately $16.3 million or $1.25 per share in 1999. Please Visit: slmsoft.com | ||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |