UFS has successfully acquired Safe Systems, a prominent provider of fully compliant IT and security services, which caters to approximately 260 financial institutions. This strategic acquisition aims to bolster UFS’s mission of empowering community banks across the United States by offering exceptional expertise and a comprehensive portfolio of services. These services include core banking applications, cybersecurity as a service, managed IT, vulnerability management, and advisory services. With this acquisition, Safe Systems’ community will gain access to UFS’s extensive range of purpose-built solutions.
The merger is set to expand the combined organizations’ reach, allowing them to serve nearly 400 financial institutions, which enhances the potential for empowering more community banks with specialized solutions. This growth aligns with UFS’s vision of allowing bankers to focus on their core responsibilities while being supported by advanced technology and security solutions. This integration is expected to benefit communities across the U.S. by providing better-supported banking services.
Industry leaders have expressed their support for the acquisition. Tyler Morgan, CIO of Farmers and Merchants Bank, highlighted the synergy between the two organizations, noting the high-quality service and support that both have provided to the community banking sector. Tripp Cofield, President and CEO of the Georgia Bankers Association, acknowledged Safe Systems’ longstanding reputation for service excellence and their significant contributions to helping bankers prepare for regulatory exams.
UFS’s President, Eric Jones, reiterated the importance of combining their strengths to enhance service offerings for community banks and credit unions. The acquisition underscores UFS’s commitment to being the technology outfitter for community banks, as stated by UFS Board Chairman Mike Tenpas. The collaboration between UFS and Safe Systems is expected to deliver a powerful suite of solutions that empower financial institutions to better serve their customers while ensuring compliance and security.
Reference:
