TAMPA, Fla. – Trellance is reporting it has entered into a definitive agreement to acquire the assets of Ongoing Operations, a provider of innovative information technology solutions for credit unions.
Trellance said it will incorporate Ongoing Operations’ IT capabilities under the Trellance brand, which include consulting, information security, compliance, architecture, and business continuity.
“The acquisition is beneficial to all parties, as it allows Ongoing Operations to continue to serve clients and build on existing relationships with an expanded array of services, while also allowing existing clients for both companies to benefit from the combined strength and resources of Ongoing Operations and Trellance,” Trellance said.
Trellance added it will add to its existing product base and add to its network of credit union experts.
“Ongoing Operations shares our dedication to the credit union industry and we’re glad to welcome the team into Trellance,” Tom Davis, president and CEO of Trellance, said of the acquisition. “Together we will provide best-in-class technology services that enable credit unions to keep pace with banks and fintechs. This acquisition continues our path of rapid growth and innovation to more fully meet the industry’s needs.”
Understanding the ‘Mission’
Added Steve Bone, Ongoing Operations CEO, “Ongoing Operations has been owned by credit unions from the very beginning. Trellance understands the credit union mission and has a solutions portfolio that complements our own. By joining the Trellance team, we have access to an even greater network of resources with which to support our customers.”
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