UFS, a community banking technology provider based in Grafton, Wisconsin, has acquired Safe Systems, an IT and security services company that serves approximately 260 financial institutions in Georgia. The deal, terms of which were not disclosed, aims to strengthen UFS’s ability to support community banks by incorporating Safe Systems’ IT compliance and security expertise.
The acquisition will allow UFS to offer its customers Safe Systems’ award-winning services, including IT compliance and cybersecurity, while Safe Systems customers will have access to UFS’s broad range of banking technology solutions, including core banking applications and managed IT services. The combined organizations will serve approximately 400 financial institutions nationwide.
Tyler Morgan, CIO of Farmers and Merchants Bank, expressed optimism about the merger, saying it represents a huge win for the community bank. Industry leaders and customers echoed this sentiment, emphasizing that the integration will provide improved service and support.
UFS President Eric Jones emphasized that the acquisition is consistent with UFS’ mission to free bankers from technology and compliance issues so they can focus on serving their communities. Safe Systems President Darren Bridges expressed confidence in the merger, citing their shared commitment to customer service and local banking.
This strategic move underscores UFS’s ongoing commitment to being a leading technology provider for community banks and reinforces our commitment to helping financial institutions succeed in today’s competitive environment.
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