UFS purchases Safe Systems to bolster compliance and security services
UFS, a technology vendor for the US community banking sector, has announced its acquisition of Georgia-based IT and security services provider Safe Systems for an undisclosed sum.
UFS acquires Safe Systems for an undisclosed sum
The purchase has connected UFS with Safe Systems’ IT, compliance and security services, which also sports a mutual focus on serving community banks as well as credit unions.
In return, the roughly 260 financial institutions served by Safe Systems will now be able to access UFS’ technology suite, which includes core banking solutions, cybersecurity-as-a-service, managed IT and advisory services, private cloud offerings, vulnerability management, and hardware and infrastructure support.
In comments, UFS president Eric Jones says the two companies, which are now on track to service just under 400 financial institutions, are “combining our strengths to provide even better service and a broader suite of solutions to our community”.
Mike Tenpas, CEO and board chairman of UFS, adds that the company has spent the last 10 years “strategically reinventing our business to become the technology outfitter for community banks”, and that the acquisition of Safe Systems “doubles down on our commitment to see that vision through”.
