M&A Deal Summary |
|
|---|---|
| Date | 2018-08-14 |
| Target | CourtesyCloud Management Solutions |
| Sector | Internet Software and Services |
| Buyer(s) | Velocity Solutions |
| Sellers(s) | BSG Financial Group |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Software |
Velocity Solutions provides technology solutions that drive revenue, service, and compliance for community banks and credit unions. The company's Velocity Intelligent Platform powers all of Velocity’s solutions, using machine-led intelligence that delivers powerful analytics, manages risk, and drives revenue, loans, account holder engagement, and non-interest income to its client financial institutions. Velocity Solutions was formed in 1995 and is based in Fort Lauderdale, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Internet Software and Services M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Kentucky M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2018 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-21 |
Akouba
Chicago, Illinois, United States Akouba, Inc. is a white label SaaS-based digital lending platform that enables financial institutions to underwrite loans quickly, efficiently, and profitably to small and medium-sized business (“SMB”) customers. Akouba, Inc. was founded in 2014 and is based in Chicago. Illinois. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2000 |
| Sector | Information Technology |
BSG Financial Group is a group of independently organized companies that provides revenue-enhancement and compliance solutions for financial institutions nationwide. Company services includes Overdraft Management Solutions, Fee-Based Checking Accounts, Digital Lending Solutions, Vendor Management, ?Social Media Management and CD Sales Strategies. BSG Financial Group is comprised of the following companies: CourtesyCloud Management Solutions, LLC provides Courtesy Connect®/Courtesy Limit overdraft management services. BSG Financial, LLC is an independent sales representative for digital lending solutions, social media management, fee-based checking accounts, and account acquisition strategies. It also provides administrative support and services to CourtesyCloud Management Solutions, LLC and IQ Development, LLC.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Kentucky M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2018 M&A | 1 of 1 |
