Velocity Solutions - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Velocity Solutions M&A Summary

Velocity Solutions has acquired 2 companies of its own.

Velocity Solutions has acquired in 2 different US states. The Company’s most targeted sectors include internet software and services (100%).

Velocity Solutions Ownership

Who owns Velocity Solutions?

Velocity Solutions is owned by H.I.G. Private Equity. It was acquired on December 5, 2017.

Is Velocity Solutions PE-backed?

Yes. Velocity Solutions is owned by private equity investor H.I.G. Private Equity.

Velocity Solutions Business Overview

Where is Velocity Solutions headquartered?

Velocity Solutions is headquartered in Fort Lauderdale, Florida.

What sector is Velocity Solutions in?

Velocity Solutions is a software company.

When was Velocity Solutions founded?

Velocity Solutions was founded in 1995.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Velocity Solutions

Velocity Solutions, Inc.

101 North East 3rd Avenue,
Fort Lauderdale, Florida 33301
United States,
(852) 2915-5096
www.myvelocity.com

Velocity Solutions offers software and technology-enabled solutions to banks, credit unions and insurers to drive revenue, ensure compliance, and manage risk. Velocity’s compliance-focused Intelligent Limit System dynamically customizes overdraft limits on a daily basis for each account holder based upon a consumer’s ability to repay using its proprietary technology. In addition, the Company provides a suite of tech-enabled solutions that leverage data to drive increased activity through targeted marketing campaigns, along with strategically deploying rewards programs for financial institutions and insurers. Finally, the Company recently launched CashPlease, a solution that allows banks and credit unions to provide small, short-term loans to consumers as an alternative to high-cost storefront payday lenders.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
CourtesyCloud Management Solutions LLC 2018-08-14 - Divestiture
Louisville, Kentucky
Akouba, Inc. 2018-06-21 - Add-on Acquisition
Chicago, Illinois · www.akoubacredit.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 2 (100%) - - -
Total 2 - - -

By Geo

State/Country Buy Value Sell Value
United States 2 - - -
  Kentucky 1 - - -
  Illinois 1 - - -
Total 2 - - -

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Software

Established

1995

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