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Albany Software #1 – Brief introduction


Albany Software has been operating since 1989, and in 2005, the company reported revenues of £7.593 million and headcount of 93 people. Albany has gone through three name changes in the past, these being: Goodwing Computers -> Halon Computers (1989) -> Albany Computers (1989) -> Albany Software (1994). The company is 100% owned by Adrian Stafford-Jones (based on 2004 accounts), who became a Director of the company in 1991. Unfortunately, Companies House is now closed (i.e. past midnight), so I cannot purchase the last set of accounts, and these figures may require an update.

Albany Software’s product portfolio can be easily split into:

Payment Solutions:

  • ALBACSip – automating the payment and collection of funds
  • ALBACScs – multi-user BACS solution
  • ALBACSenterprise – customisable payments solution
  • ALBANYverify – validation of bank account and credit card details
  • ALBANYverify API – point of entry validation of bank account and credit card details
  • eBANK – automatic preparation and validation of cross- border funds transfers
  • eCOLLECT – collections management for Direct Debits and credit cards

Document Exchange

  • eCONNECT – e-document distribution solution

The products are sold through a strong channel that includes Coins, Touchstone, RedSkyIT, Asyst and others. Watchout for Albany #2 for a brief review of eConnect

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