CSPI Expands Financial Industry Footprint by Acquiring CruiseNet Core®

CSPI Expands Financial Industry Footprint by Acquiring CruiseNet Core®

October 1, 2020 | Press Release

Jefferson City, MO — On Thursday, October 1, 2020 an agreement was reached for Computer Service Professionals, Inc. (CSPI) to acquire the CruiseNet^® core solution from Jack Henry & Associates, Inc.^®.  The CruiseNet platform is built on a .Net architecture and represents the next generation in core processing systems for small and mid-sized credit unions. CruiseNet offers a superior, cost-efficient operating platform designed to grow as financial institutions grow.

“This is an exciting and notable moment that will allow CSPI and our dedicated team of employees to expand market share and our product offerings within the credit union sector of the financial services industry, while remaining focused on our mission of exceeding expectations for both community banks and now, credit unions,” stated Brad Epple, President and CEO of CSPI.

According to Greg Adelson, Chief Operating Officer of Jack Henry & Associates, “Based on our long-time relationship with CSPI, we believe our similar company cultures and fundamental commitment to client and associate care make CSPI an ideal fit for this transaction and CSPI are fully committed to ensuring this transition will be seamless for CruiseNet clients and their members, and that they receive the same quality of near and long-term service they have received as Jack Henry clients. Transitioning the associates responsible for CruiseNet operations, product development, and client care to CSPI provides a very important component of that seamless client experience. We would like to sincerely thank the associates joining the CSPI team for their past commitment to our company and continued service excellence to our clients. And we welcome the opportunity to continue supporting these credit unions with an array of Jack Henry complementary solutions that are fully integrated with CruiseNet.”

The majority of CruiseNet associates are currently based in Charlotte, North Carolina. CSPI plans to retain all employees and continue to operate the Charlotte office. “Our CSPI leadership is excited to grow our team and plans to incorporate involvement from all levels to ensure this is a smooth transition for both our employees and our customers. We look forward to the opportunity of expanding our solutions and extending our reach to credit unions across the U.S.,” said Kurt Luebbering, Chief Operating Executive of CSPI.

The CruiseNet product will be rebranded as Aurora Advantage CU. CSPI looks forward to introducing their new customer base to the Aurora Online and Aurora Mobile CU digital banking platform in 2021.

About Computer Service Professionals, Inc. (CSPI)

As a valued software and service provider leading the FinTech industry for over 30 years, CSPI focuses on the needs of today’s progressive community banks and credit unions to meet the growing demands of account holders by providing core solutions, digital banking, document management and item processing.

We are core-agnostic and support API-first technology to create real-time integration for our Aurora Advantage product suite. Our dedicated team strives to enhance the user experience, deliver innovative solutions, significantly increase productivity, and provide exceptional service that exceeds client expectations. We believe if our customer succeeds, we succeed.

You can learn more about CSPI and our Aurora Advantage product suite by visiting our website https://www.auroradigitalbanking.com.