Share One unanimously agrees to majority stake acquisition by Dedagroup North America, paving the way for strategic growth
Share One enters into an agreement with Dedagroup North America that will drive digital transformation for credit unions and enhance member experience.
MEMPHIS, TN (April 30, 2024) — Share One, a provider of core and digital banking solutions for credit unions, is excited to announce it has entered into a stock acquisition agreement giving Dedagroup North America (NA) a majority stake in Share One. 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.
“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. 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,” said Share One Board Chairwoman, Lynn Calvert, CEO of Cascade Community Credit Union.
Marcello De Angelis, General Manager of Dedagroup NA, commented, “At Dedagroup NA, we are excited to welcome the Share One team and for the opportunity to serve its current and future customers. We are committed to the credit union space, focusing on being the right partner for employees and customers. We plan to invest significantly in Share One products, infrastructure, and services while leveraging Dedagroup’s additional financial services and technical capabilities. We believe Share One, together with Dedagroup NA’s deep technical expertise, can provide credit unions with the right foundation for their current operations and future evolution.”
“The board put significant time and energy into identifying an organization that is aligned with our commitment to helping us build a world-class core and digital banking platform, focused on the US credit union marketplace. In addition, we have a growth partner with significant financial services experience working with cooperatives, in the US and internationally,” said Board Vice Chairman Martin Eakes, CEO of Self-Help Credit Union.
About Share One, Inc.
Share One, Inc., a CUSO operating out of Memphis, TN., is a leading developer of credit union core processing and serves an expanding client base of credit unions with assets ranging from $10 million to over $2 billion. NewSolutions provides a full range of advanced features, including comprehensive support for consumer, mortgage, and commercial loans, a full suite of electronic services delivered via the Internet, a fully integrated, member-centric imaging system, and exceptional operational efficiency. For more information call 800-888-0766 or visit the company website at www.shareone.com.
About Dedagroup NA
Dedagroup North America is the US Subsidiary of Dedagroup, a leading technology group in the Software and Solutions as a Service market, focusing on multiple industries and markets, including financial services, cybersecurity, and artificial intelligence. Dedagroup’s purpose is expressed by the “stay dedicated” mission. Dedagroup believes in the power of dedication, supporting clients as they navigate digital evolution, and fostering technology’s positive impact on the economy and society. Today, it has a global presence with over 3,000 employees, over 4,000 clients in more than 50 countries, and branches in the UK, Mexico, and the US, where it operates through Dedagroup North America. Dedagroup NA’s successful acquisition of VisiFI, in 2015, demonstrates its commitment to driving core and digital-first innovation within the credit union industry, all under the Dedagroup umbrella of companies.
Contact
Daniela Michelotti
daniela.michelotti@dedagroup.it
+39 0461997310
Marta Franceschini
marta.franceschini@dedagroup.it
+39 3476197290
