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M&A Deal Summary

Connect FSS Acquires Wescom Resources Group - Symmetry eBanking Suite

On August 27, 2019, Connect FSS acquired software company Wescom Resources Group - Symmetry eBanking Suite from Wescom Resources Group

Acquisition Highlights
  • This is Connect FSS’s 1st transaction in the Software sector.
  • This is Connect FSS’s 1st transaction in the United States.
  • This is Connect FSS’s 1st transaction in California.

M&A Deal Summary
Date 2019-08-27
Target Wescom Resources Group - Symmetry eBanking Suite
Sector Software
Buyer(s) Connect FSS
Sellers(s) Wescom Resources Group
Deal Type Divestiture

Target

Wescom Resources Group - Symmetry eBanking Suite

Pasadena, California, United States
Wescom Resources Group LLC - Symmetry eBanking Suite provides Online banking, Mobile banking, and bill pay services. Symmetry eBanking Suite Align to deliver on three most important goals: exceptional member experiences, better use of data, and operational efficiency.

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Buyer(S) 1

Buyer

Connect FSS

Murray, Utah, United States
Category Company
Sector Software
DESCRIPTION

Connect FSS is a CUSO providing advanced enterprise digital banking services, including account access, advanced payments, account opening, custom lending workflows, electronic document management, card controls, and deep core system integration. Connect FSS is based in Murray, Utah.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Wescom Resources Group

Pasadena, California, United States
Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

Wescom Resources Group LLC provides credit unions with advanced technology solutions that increase their competitive edge. WRG offers innovative products and services to the credit union industry that includes UNITRI, one of the most robust service bureau solutions in the industry; and Tellergy ®, a software solution that provides branch automation for today’s modern credit union.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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