Ceto Acquires VPCtech to Enhance Service Offerings for Financial Institutions
14 Agosto 2024 - 9:15AM
Business Wire
Ceto, a leader in providing data-driven insights for financial
institutions, announced the acquisition of VPCtech, known for its
strategic expertise in banking practices.
"We are pleased to announce the acquisition of VPCtech, a
multifaceted organization that excels in Fiserv/DNA platform
transformations, enhancing technology infrastructure, and platform
optimization. This strategic move marks a milestone for Ceto,
allowing us to expand our service offerings and drive growth. With
this union, we are poised to deliver even greater value and
innovative solutions to financial institutions," said Douglas Ceto,
President and CEO of Ceto. "We’re creating a future where our
clients can confidently navigate challenges and seize new
opportunities. When financial institutions thrive, their
communities prosper. Together with VPC, we’re committed to
empowering financial institutions with the tools they need to
succeed," said Ceto.
"We are thrilled to join another family-owned business that
shares our vision to help financial institutions optimize their
technology investments and processes. Financial institutions are
under stress, and this transaction accelerates our ability to
provide more capabilities to our clients at a critical time. The
Ceto brand represents over 30 years of trust, integrity, and
expertise. We are proud to be joining forces with a like-minded
team that shares our values," said Alison Van Pelt, Partner and
CEO, VPCtech.
"Banking technology is rapidly changing, creating challenges and
opportunities. Joining Ceto will allow us to help more institutions
with a comprehensive suite of technology solutions. The combination
of our firms will enhance our ability to help clients navigate
complexities by providing deep expertise in technology, risk, and
vendor management. The marriage of a 30-year-old veteran and an
18-month-old start-up provides a unique blend of stability and
innovation that will benefit our clients," said David Van Pelt,
Partner and COO, VPCtech.
Founded in 2019, VPCtech quickly gained a reputation for its
performance and operational efficiency in banking technology.
Rebranded in 2023, the firm is led by Alison and David Van Pelt,
who bring decades of experience in optimizing core banking
platforms.
Founded in 1994, Ceto has served over 2,000 banks and credit
unions across the U.S. and Canada. This acquisition enhances both
companies' ability to serve the financial community, expanding
their services to meet the evolving needs of financial
institutions.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813972731/en/
Media Contact: John Allison Chief Marketing Officer, Ceto (404)
474-7091 jallison@ceto.com Ceto.com