The Co-operators Acquires Technicost

The Co-operators has announced that they have acquired Technicost, a technology company that provides credit management solutions, including Loan Origination Systems (LOS) to Credit Unions, effective December 31, 2018.

“This was a natural fit for us as our organizations share values with respect to serving credit unions in Canada. We can now deliver a broader suite of options and capabilities in the creditor space and will continue to support our credit union partners’ choice of LOS.” – The Co-operators President and CEO, Rob Wesseling.

“We’ve worked hard to successfully build Technicost and are proud of our achievements in the creditor space. We are in a position to continue to grow our product offering and become a market leader with the support of a strong organization like The Co-operators.” – Technicost CEO Dominic Paquette.

Technicost’s current management team and staff will remain in place and it will be business as usual for clients. Technicost will operate as an independent entity as part of The Co-operators group of companies.

Bottom Line: Finivation comes to mind.