M&A Deal Summary

Computer Service Professionals Acquires Aurora Advantage CU

On October 1, 2020, Computer Service Professionals acquired internet software and services company Aurora Advantage CU from Jack Henry

Acquisition Highlights
  • This is Computer Service Professionals’ 1st transaction in the Internet Software and Services sector.
  • This is Computer Service Professionals’ 1st transaction in the United States.
  • This is Computer Service Professionals’ 1st transaction in Missouri.

M&A Deal Summary
Date 2020-10-01
Target Aurora Advantage CU
Sector Internet Software and Services
Buyer(s) Computer Service Professionals
Sellers(s) Jack Henry
Deal Type Divestiture

Target

Aurora Advantage CU

Jefferson City, Missouri, United States
Aurora Advantage CU is a platform is built on a .Net architecture and represents the next generation in core processing systems for small and mid-sized credit unions. Aurora Advantage CU is based in Jefferson City, Missouri.

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Buyer(S) 1

Buyer

Computer Service Professionals

Jefferson City, Missouri, United States
Category Company
Founded 1988
Sector Internet Software and Services
DESCRIPTION

Computer Service Professionals, Inc. is a valued software and service provider for FinTech industry. Computer Service Professionals was founded in 1988 and is based in Jefferson City, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Jack Henry

Monett, Missouri, United States
Category Company
Founded 1976
Sector Information Technology
Employees7,120
Revenue 2.1B USD (2023)
DESCRIPTION

Jack Henry is a provider of integrated technology solutions and data processing services to financial institutions including commercial banks and credit unions. Jack Henry was founded in 1976 and is based in Monett, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Geezeo

Braintree, Massachusetts, United States

DebtFolio, Inc. is a financial technology (Fintech) firm that enhances the digital banking experience via its white label retail and business digital financial management solutions. DebtFolio was founded in 2006 and is based in Braintree, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Payrailz

Glastonbury, Connecticut, United States

Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need, and banks and credit unions to successfully compete with industry disruptors. Payrailz was founded in 2016 and is based in Glastonbury, Connecticut.

Buy -
Mergr

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