Gallagher Financial Systems, Inc is now Wipro Gallagher Solutions
We are pleased to announce that Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), has completed an acquisition of Gallagher Financial Systems (GFS), Inc as of July 2nd 2008. Combined entity is now called Wipro Gallagher Solutions.

Founded in 1985, GFS has set the pace for new technology in the lending industry, culminating in the development of its flagship product, NetOxygen. Since its release seven years ago, NetOxygen has set a new standard for loan origination and processing software. NetOxygen's architecture allows lenders to improve efficiencies via dynamic workflow routing and rule-driven, streamlined business processes. NetOxygen is designed to handle all aspects of the lending process for all channels and loan types using a component-based, end-to-end system, which allows enterprise-wide data access for improved customer service. NetOxygen is also available in an off-the-shelf solution that can be tailored to meet technology and business challenges that arise in an ever-changing industry.

Netoxygen is a proven solution with successful implementations at several large and mid-tier banks in the US and has the inherent capability to be adapted for different loan products like mortgages, HELOCs, auto loans, student loans, installment loans, etc.

The combination of the two companies will enable a value proposition that includes integrated delivery of technology and services for loan origination. Initially Wipro will be able to offer an end to end Loan Origination solution utilizing best-in-class NetOxygen technology and optimized business processes. Our clients will progressively realize benefits from a single source provider that can leverage the global delivery model, data center expertise, application and infrastructure management thereby optimizing on their overall spend in loan origination and processing.

For a detailed information about the NetOxygen product please Click here