UFS, a leading technology outfitter for community banks, announced it has acquired Safe Systems, a provider of fully-compliant IT and security services for approximately 260 financial institutions.
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This acquisition marks a pivotal step toward fulfilling UFS’ purpose of empowering community banks across the United States to thrive through exceptional industry expertise and customer experience, and through a best-of-breed comprehensive portfolio that includes core banking applications, cybersecurity as a service, managed IT services, private cloud, vulnerability management, advisory services, and hardware and infrastructure support services.
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The Safe Systems community will now have access to the full array of UFS purpose-built solutions, and UFS customers will have access to Safe Systems’ award-winning IT, compliance and security services built exclusively for community banks and credit unions.
The combined organizations will now serve nearly 400 financial institutions, inspiring confidence for a vision of empowering more community banks with purpose-built solutions where bankers are free to be bankers. This vision represents significant growth, which means more communities across the U.S. will benefit from having empowered bankers.
“At Farmers and Merchants Bank, we’ve been collaborating with Safe Systems on various security and compliance services since 2017,” stated Tyler Morgan, Chief Information Officer. “We recently transitioned to UFS for CORE and Managed services because we were seeking the same level of service and support Safe Systems had provided on the security and compliance side. I was thrilled to learn that these organizations are combining operations because this represents a net win for the community banking sector. We are impressed with both companies’ dedication to exceptional customer service and purpose-built solutions for the community banking industry.”
High levels of customer service, expertise in the financial industry and experienced, dedicated IT, security and compliance resources are among the factors that differentiate Safe Systems. The company believes every financial institution, regardless of size, should be able to leverage the best technology, compliance and security solutions to serve the financial needs of their community.
“For the past decade of our thirty-three-year history, UFS has been strategically reinventing our business to become the technology outfitter for community banks,” said Mike Tenpas, UFS Board Chairman and CEO. “This investment in Safe Systems doubles down on our commitment to see that vision through, and our significant growth has demonstrated that bankers have found value in our purpose. Community banks deserve partners who can deliver solutions that empower them to succeed, and we are excited to bring the best of these two organizations together with this investment and do just that.”
Eric Jones adds, “We are inspired by what Darren and his team have built and look forward to continuing that mission. Together, we will deliver a combined set of products and services to the market, all with the aspiration to empower more community financial institutions to passionately serve their customers.”
About UFS
UFS, the bank technology outfitter for community banks provides purpose-built, bank-exclusive technology services and solutions. Founded in 1991, UFS empowers community banks to thrive through exceptional industry expertise and experience, and through a best of breed comprehensive portfolio that includes core banking applications, cybersecurity as a service, managed IT services, private cloud, vulnerability management, advisory services and hardware and infrastructure support services.
About Safe Systems
Founded in 1993, Safe Systems provides IT, compliance and security services exclusively for community banks and credit unions. We believe every financial institution, regardless of size, should be able to leverage the best technology, compliance, and security solutions to serve the financial needs of their community. Our cost-effective services are designed to significantly decrease IT costs, increase performance, and improve compliance posture.
