Ceto, an Alpharetta, GA startup that provides data-driven insights to financial institutions, acquired VPCtech, a banking strategy expert.
By extending their services to suit the demands of financial institutions, this acquisition improves both businesses’ capacity to serve the financial community.
After being established in 2019, VPCtech made a name for itself in the financial technology industry for its effectiveness and efficiency.
The company, which underwent a rebranding in 2023, is run by David and Alison Van Pelt, who have decades of combined expertise refining fundamental banking technologies.
Since its founding in1994, Ceto has provided services to more than 2,000 credit unions and banks in the US and Canada.
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“We are pleased to announce the acquisition of VPCtech, a multifaceted organization that excels in Fiserv/DNA platform transformations, enhancing technology infrastructure, and platform optimization. This strategic move marks a milestone for Ceto, allowing us to expand our service offerings and drive growth. With this union, we are poised to deliver even greater value and innovative solutions to financial institutions,” said Douglas Ceto, President and CEO of Ceto. “We’re creating a future where our clients can confidently navigate challenges and seize new opportunities. When financial institutions thrive, their communities prosper. Together with VPC, we’re committed to empowering financial institutions with the tools they need to succeed,” said Ceto.
By extending their offerings to suit the changing requirements of financial institutions, this transaction improves both businesses’ capacity to serve the financial community.
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“We are thrilled to join another family-owned business that shares our vision to help financial institutions optimize their technology investments and processes. Financial institutions are under stress, and this transaction accelerates our ability to provide more capabilities to our clients at a critical time. The Ceto brand represents over 30 years of trust, integrity, and expertise. We are proud to be joining forces with a like-minded team that shares our values,” said Alison Van Pelt, Partner and CEO, VPCtech
About Ceto
Ceto has partnered with over 2,000 regional and community banks and credit unions to boost their profits and growth. They are dedicated to equipping financial institutions with cutting-edge intelligence and transformational solutions, increasing shareholder value, and creating flourishing communities.
About VPCtech
VPC, a Ceto Company, consults financial institutions on implementation, mergers and acquisitions, operational efficiency reviews, service management, and staff augmentation.
