MEMPHIS, Tenn.--Share One, a CUSO that provides core and digital banking solutions, said it has entered into a stock acquisition agreement giving Dedagroup North America (NA) a majority stake in the company.
“With over five decades of providing core banking solutions to credit unions, this decision signals a significant step forward in accelerating growth and digital transformation for current and future Share One customers,” the company said in a statement.
"We are thrilled to start this new chapter alongside Dedagroup NA. With our combined expertise and focus on credit union systems, we are confident we will continue to deliver value and greater efficiency for our credit union customers,” added said Share One Chair Lynn Calvert, who is CEO of Cascade Community Credit Union. “By leveraging Dedagroup NA’s capabilities and experience with advanced digital transformation, we aim to offer an enhanced member experience through a comprehensive suite of solutions and services.”
‘Significant’ Investments to be Made
Dedagroup NA General Manager Marcello De Angelis said the company is committed to the credit union space and will be investing “significantly” in Share One products, infrastructure, and services, while leveraging Dedagroup’s additional financial services and technical capabilities.
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