Aurum Technologies Buys Computer Consultants Corp.
Aurum Technology has acquired Utah-based Computer Consultants Corp. (CCCorp), a privately-held company that has more than 600 credit union clients for its data processing services. Terms of the deal were not disclosed. Offering both in-house and ASP solution alternatives, the 25-year-old CCCorp primarily serves credit unions with fewer than $100 million in assets.
Scott Somer, president of Aurum, said that with 97% of credit unions holding fewer than $200 million in assets each, the company has been looking to expand into that market and that the acquisition of CCCorp "makes sense."
Hugh Butler, founder and CEO of CCCorp., will become a senior vice president of Aurum, reporting to Santo Cannone, president of Aurum's Credit Union Services Charlene Whitener, CCCorp president, will lead the company's Salt Lake City-based support and services teams.