# Alogent Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alogent

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.alogent.com
- Total disclosed funding: $2M
- Latest round: Series A (Apr 19, 2001)
- Investors on record: 1

## About

Alogent Corporation delivers innovative technology solutions for banks and credit unions, focusing on enterprise content management, payment processing, and loan management systems, enhancing operational efficiency and customer engagement.Founded in 1995 and headquartered in Atlanta, US, Alogent Corporation specializes in providing technology solutions for financial institutions. It was formed through the merger of Alogent and Bluepoint Solutions, Inc., which was completed in November 2015. Dede Wakefield is the current CEO. The company has engaged in four deals, with the most recent being a TRADE SALE in August 2016, raising USD 42.50 mn from investors including Goldleaf Financial Solutions, representing the total amount raised.Alogent specializes in providing comprehensive technology solutions tailored for banks and credit unions, focusing primarily on enterprise content management (ECM), payment processing, and loan management systems. Their core offerings include the Unify platform, an all-in-one consumer payments system, enhancing transaction processing capabilities for financial institutions. They also offer AccuAccount, a strategic tool designed to streamline post-booking loan management processes, ensuring operational efficiency and compliance. Alogent's products are engineered to support a range of financial institutions, from small community banks to large international entities, facilitating seamless digital banking experiences across various channels including in-branch, remote, and mobile platforms. These solutions serve markets primarily in North America, Europe, and Canada, addressing critical needs such as fraud detection, operational automation, and enhanced customer engagement.Alogent generates revenue through a structured model involving subscriptions and licensing fees for its software solutions. Financial institutions typically engage with Alogent under a partnership agreement, where they pay for access to the Unify platform and other services based on the size and transaction volume of their operations. For instance, a bank might subscribe to Alogent's payment processing solutions, enabling them to handle multiple transactions per second at competitive rates. Revenue streams are further bolstered by ongoing support and maintenance packages associated with their ECM solutions, ensuring that client institutions maintain optimal operational performance. The pricing structure reflects the premium nature of Alogent's products, catering specifically to the nuanced requirements of the financial services sector while delivering robust technology solutions that enhance operational efficiencies.Alogent plans to leverage its most recent funding from the TRADE SALE in August 2016 to support the development of new products and expansion into new markets. This includes launching enhanced features for the Unify platform aimed at improving transaction capabilities by the end of 2017. Furthermore, the company is targeting expansion into the European and Canadian markets, aiming to establish a stronger presence by 2018. The funding will facilitate these initiatives and bolster their market reach.

## Funding rounds

- Series A, Apr 19, 2001, $2M — Southeastern Technology Fund

## Investors

- Southeastern Technology Fund (https://capitalatlas.ai/funds/southeastern-technology-fund) — Series A