Trellance has acquired IronSafe, a data analytics software company.
The deal gives Trellance, a payments credit union service organization, additional expertise and dashboards designed to help credit unions integrate data from different sources. The CUSO said Monday that it plans to leverage the data analytics capabilities of IronSafe’s proprietary platform.
IronSafe is used by more than 2,300 credit unions.
“We recognize the importance of data analytics in providing insights to drive results today and into the future,” Tom Davis, president and CEO of Trellance, said in a statement. “With this acquisition, Trellance will give credit unions access to an integral resource to navigate the financial landscape.”
CSCU, a CUSO based in Tampa, Fla., formed Trellance in December and then spun it off into a separate entity. After the split, Trellance said it would operate as a nonprofit cooperative CUSO. Trellance inherited CSCU’s articles of incorporation, bylaws and board.
