MALVERN, Penn. – Akcelerant Holdings, the provider of loan origination and collections software, said today it has acquired CU Data Miner, LLC, a Phoenix provider of business intelligence reporting customized for credit unions.
With data mining, an emerging technology for credit unions, statistics are crunched a variety of ways to determine member and market behaviors in order to develop strategies or to resolve problems.
Under the deal, Akcelerant Advisors, a newly formed subsidiary, will take ownership of CU Data Miner’s existing products and customers, which will become the basis, along with Akcelerant Spotlight, a data analysis, reporting and information collaboration tool, for Akcelerant’s new Analytics Practice.
Financial terms of the transaction were not disclosed.
The deal becomes effective April 1 and CU Data Miner’s founder, Kevin Bingham, the former vice president information technology at Arizona FCU, will join Akcelerant to run the newly created unit.
