SOURCE: Compushare, Inc.

Compushare, Inc.

October 15, 2013 10:58 ET

Compushare Announces Alliance With Catalyst Corporate Federal Credit Union to Bring Cloud Computing and Total Technology Solutions to Credit Unions

SANTA ANA, CA--(Marketwired - Oct 15, 2013) - Compushare, a D+H company and the nation's leading Technology Management Provider for the financial industry, announced today it has entered into a strategic alliance with Catalyst Corporate Federal Credit Union (Catalyst Corporate) to support Catalyst Corporate's Cloud Computing and Total Technology Solutions offering. Catalyst Corporate -- a wholesale financial institution serving credit unions throughout the United States with payment, liquidity investment and technology services -- will expand credit unions' ability to outsource information technology by leveraging Compushare C3  -- the only fully hosted cloud-computing solution designed specifically for financial institutions -- in addition to Compushare's enterprise class suite of systems management and security services.

"Catalyst Corporate is pleased to offer this valuable strategic alliance to our members so that they can easily move to the cloud and thereby ensure resiliency and compliance in a cost effective manner," said Kathy Garner, President/CEO of Catalyst Corporate Federal Credit Union. "C3 will allow credit unions to access data and legacy financial applications securely online for round-the-clock availability on any device, while also achieving significant operational efficiencies such as ease of adding or modifying user access, performing software upgrades, and managing granular access controls around access to critical data," added Garner.

"The decision to work with Compushare to offer these services to our member credit unions was based on months of due diligence, during which we learned that Compushare has the most robust and secure cloud-computing option available to financial institutions today," said Garner. "Our members are looking to adopt solutions that will allow them to keep pace with changing standards while maintaining the data security and reliability required by financial institutions," she said. "Catalyst Corporate's track-record of alleviating operational headaches through secure, technology-driven solutions makes these services a logical fit."

Compushare's cloud-computing platform allows financial institutions the ability to move all of their local applications to a secure, scalable and high-redundancy environment. C3 offers a library of hundreds of financial and business applications allowing credit unions to easily adopt state-of-the-art technology with all the necessary security, business continuity and compliance guaranteed to meet all of their business needs. The C3 platform eliminates the costs, resources, maintenance, integration, back up and future upgrades required for supporting an on-premise hardware infrastructure, enabling credit unions to realize considerable time and cost savings. In addition, applications and data can be accessed securely through any internet connection, giving the credit union complete flexibility to better serve their members.

"The economic and regulatory environment demonstrates how important it is for credit unions to focus on their business without having to worry about investing in and maintaining technology assets," said Romir Bosu, Head of Compushare. "Our IT outsourcing solutions allow Catalyst Corporate's member credit unions to do just that. Compushare is the first in the financial industry offering this category-defining solution so credit unions can realize all of the benefits the cloud can deliver," said Bosu.

For more information about Catalyst Corporate's C3 and other information technology outsource solutions, visit the newly launched website at http://www.catalystcorp.org/C3.aspx.

About Compushare
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. With more than 17 years of technology experience supporting clients nationwide, Compushare is SSAE 16 SOC 2 Type II and FFIEC examined. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the financial services industry.

Learn more about Compushare, Inc. at www.compushare.com.

About D+H
D+H is a leading provider of secure and reliable technology solutions to North American financial institutions with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge.

Today, over 6,200 banks and credit unions across North America rely on D+H to deliver solutions across three broad service areas: Banking and Lending Technology, including core banking, lending and compliance, and channel solutions; Lending Processing Solutions; and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. 

In 2012, D+H rose to 35th on the FinTech 100, a ranking of the top technology providers to the global financial services industry, and is ranked 24th on the 2013 Branham 300, a listing of the top Canadian ICT companies.

Davis + Henderson Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by Davis + Henderson Corporation with the securities regulatory authorities at www.sedar.com

Contact Information

  • Media Contact - Compushare
    Kathleen Roberge
    Chief Business Development Officer
    (714) 427-1018
    Email Contact

    Media Contact - Catalyst Corporate Credit Union
    Amy Fuller
    Vice President of Communications
    (214) 703.7607
    Email Contact
    www.catalystcorp.org