May 9, 2022 (Baltimore, Md) –Think|Stack, a managed services CUSO specializing in cybersecurity and cloud solutions, is excited to announce that it has acquired Emergifi, a technology solutions CUSO focused on small- to-mid-size credit unions.
The strategic merger is an equity-based deal. Emergifi was acquired by Think|Stack in exchange for equity and one board seat for Corporate Central Credit Union.
Prior to the merger, Emergifi was founded by, and wholly owned by, Corporate Central Credit Union (Corporate Central), a federally-insured financial cooperative, based in Wisconsin, and owned and governed by 450 credit unions as members.
“This acquisition will allow Think|Stack to serve a larger portion of the credit union marketplace and will make us a well-rounded technology services CUSO able to serve small and large credit unions alike,” shared Think|Stack CEO Chris Sachse.
He adds, “We are excited to provide Emergifi’s and Think|Stack’s existing clients with additional service offerings that we each uniquely provide, and to expand our packaged solutions to reach more smaller sized credit unions.”
Chris Felton, President and CEO of Corporate Central, and board chair for Emergifi, states, “Culture and service to our members is a core value of Emergifi, which is in alignment with Think|Stack’s mantra ‘People Before Tech’. This merger with Think|Stack gives us the opportunity to provide our members with tech solutions on a larger scale to improve the digital experience and fuel innovation for our members.”
All of Emergifi’s employees will be absorbed by Think|Stack in the acquisition increasing Think|Stack’s team and providing Emergifi’s current clients access to a deeper bench of expertise.
“This is an incredible growth opportunity for Emergifi staff who will benefit from Think|Stack’s resources, tools and solutions, and their work with larger credit unions,” shared Felton.
Gregg Tushaus, currently the President of Emergifi and Chief Technology and Strategy Officer, will become a member of the Think|Stack board of directors.
He states, “Our merger with Think|Stack forms a stronger technology services company offering more comprehensive technology services, and improves our competitive position with a deeper team. With our packaged subscription service well-suited for small- to medium- size credit unions, and Think|Stack’s comprehensive cloud and cybersecurity services, together we can serve credit unions of any size.”
“Think|Stack has become a leading CUSO providing comprehensive cloud and cyber solutions for credit unions. The acquisition of Emergifi allows us to expand our service capabilities to support smaller credit unions that don’t have the in-house expertise to oversee digital transformation journeys critical to improving data protection and digital experiences for members,” shared Maria Solorzano, President/CEO of Liberty Savings FCU in New Jersey, and a member of the Think|Stack board of directors.
The combined resources and thought leadership of its board, powered by strong relationships with Amazon Web Services and Microsoft to help credit unions leverage modern technology tools, makes the merged organization the leading cloud and cybersecurity provider for the industry.