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Concord Corporate Services Inc history
Concord Corporate Services Inc company history timeline
In preparation, Concord became a holding company and in February 1992 changed its name to Concord EFS, Inc.
1992: The company name is changed to Concord EFS and EFS National Bank is formed.
For 1993 the company recorded sales of $75.4 million and net income of $9.9 million.
In 1995 sales grew to $127.8 million and net income to $18.3 million.
In 1997 sales reached $240 million and net income $42.7 million.
1998 – 10 years in business: Servicing 122,000 accounts totaling more than $180 million.
In 1999 Concord acquired Electronic Payment Services (EPS) and its well known MAC brand, the third largest regional ATM network.
In 2000 Concord expanded further into network services when it bought Cash Station, which serviced 645 financial institutions primarily located in Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, and Wisconsin.
In April 2001 Concord announced that it had settled on Star as its brand, which would begin to replace MAC and Cash Station logos on ATMs.
2001: The $850 million Star Systems acquisition is completed.
2002 – 15 years in business: Servicing 350,000 accounts totaling more than $350 million.
2003 – Concord introduces INTERLINK®, a proprietary, award-winning, real-time, browser-based technology platform providing access to consumer information.
2003 The Concord Group celebrates its 75th year in business.
2006 – Concord opens a regional office in Mexico City to support Mexican consumer accounts.
2009 – Concord moves to the cloud with an external data center, and develops and deploys C2 Command & Control®, a workflow solution that empowers users to manage collection strategies.
2010 – Concord develops and deploys Qualifly®, a mobile-friendly application that identifies in real-time an individual’s FICO® credit score range.
2011 – Concord launches Blackwell Recovery®, a highly refined collection service to help resolve non-performing financial obligations.
2012 – Concord relocates to a new corporate office in Scottsdale, AZ, to allow for future growth and expansion.
2013 – Concord celebrates 25 years of success! Concord launches DOCKit®, a tactical task scheduling, and tracking tool.
2014 – Concord services over 800,000 accounts totaling $3.0 billion.
2015 – Expansion in Energy Efficiency and Mexican Mortgage Loan Servicing.
2016 – Concord services over 1.8 million accounts totaling $4.5 billion.
April 2017 The Concord Group begins its affiliation with Auto-Owners Insurance Group, headquartered in Lansing, Michigan.
A former partner in the Ivanti One program, Ivanti (backed by Clearlake Capital) acquired Concorde Solutions in April 2017.
2017 Today The Concord Group is the leading insurance carrier for independent agents in northern New England, serving policyholders in four states with 240 employees and growing.
2018 – Concord celebrates 30 years as a technology innovator, provider of world-class service, and industry leader.
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Concord Corporate Services Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pag! | - | $430,000 | 7 | - |
| Toledo.com | - | $570,000 | 5 | 21 |
| Cal | - | $670,000 | 50 | 55 |
| Jordan Company | 1982 | $26.7M | 26 | 13 |
| MHP | 1970 | $7.5M | 50 | 6 |
| Roth&Co | 1978 | $930,000 | 1 | 20 |
| Midwest Regional Credit Union | 1938 | $2.2M | 30 | - |
| Richter | 1999 | $15.0M | 175 | 2 |
| MidAmerica | 1995 | $17.8M | 125 | 13 |
| INA | 1981 | $3.9B | 12 | - |
Concord Corporate Services Inc history FAQs
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