Trellance further expands suite of tech offerings with acquisition of Ongoing Operations
The acquisition will lead to expanded services for Trellance and Ongoing Operations clients
TAMPA, FL (November 23, 2022) — Trellance, a leading technology partner providing innovative analytics and talent solutions to credit unions, today announced it has entered into a definitive agreement to acquire the assets of Ongoing Operations, a company specializing in innovative information technology solutions for credit unions.
Trellance 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 will add to it’s 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.”
“Ongoing Operations has been owned by credit unions from the very beginning,” Steve Bone, Ongoing Operations CEO, said. “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.”
The acquisition was finalized on November 22, 2022.
Trellance is a leading provider of business analytics and technology consulting for credit unions, helping them meet the financial needs of today’s digital consumer. With a comprehensive suite of data science solutions, professional staffing and professional services, the Trellance team ensures credit unions increase efficiency, manage risk, and improve member experience. As credit unions’ tech partner, Trellance brings them to the next frontiers of fintech, filled with powerful tools such as artificial intelligence and machine learning. Data In. Insights out. Learn more at Trellance.com.