CARMEL, Ind.–Allied Solutions is reporting it has finalized an agreement to acquire majority ownership of Vero, a product and services provider for the retail automotive and financial institution industries.
Allied Solutions said the move further expands its footprint in automotive aftermarket solutions and, along with previous investments in TrxNow, Deep Future Analytics and others, enhances the company’s capabilities in both consumer experience and technology solutions.
“We’re excited to welcome Vero to the Allied Solutions family,” said Pete Hilger, Chief Executive Officer of Allied Solutions. “The value that Vero offers to dealers and credit unions in terms of operational support and efficiencies – combined with the experience and expertise of our own people – allows both of our company’s and our clients to benefit.”
Allied Solutions said it has a long-standing relationship with Vero and the company’s CEO, Joe Annoreno, that ensures a bright future for Vero and its clients.
‘Immediate Benefit’
“This new agreement allows Vero’s clients to benefit almost immediately,” said Annoreno. “From our humble beginnings Vero has grown by focusing on listening to and better serving the needs of our clients, and the capabilities that Allied Solutions will bring to our people expands our ability to continue to do just that.”
The companies said they will continue to operate independently, but the new agreement will enable each to “leverage the experience, expertise, and technology of the other to better serve their clients.”
“The arrangement also enhances a strategic partnership between Allied Solutions and Origence, formerly CU Direct, and reinforces both companies’ commitment to provide financial institutions and automotive dealers with solutions that help them grow, protect, and evolve in an ever-changing market,” Allied Solutions said.
Still Free in ’23! The Freshest CU Headlines. Right to Your Inbox.
The biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.