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ATLANTA, August 14, 2024–(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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240813972731/en/
Contacts
Media Contact:
John Allison
Chief Marketing Officer, Ceto
(404) 474-7091
jallison@ceto.com
Ceto.com
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