Ceto Acquires VPCtech to Strengthen Service to Banks and Credit Unions

Atlanta, GA — Ceto, a leader in providing data-driven insights and actionable intelligence for financial institutions, announced today the acquisition of VPCtech, a company known for its strategic and operational expertise in banking practices.

"We are pleased to announce the successful acquisition of VPCtech, a multifaceted organization that excels in orchestrating Fiserv/DNA platform transformations, bolstering staff expertise, enhancing technology infrastructure, crafting seamless integrations, and driving platform optimization. This strategic move marks a significant milestone for Ceto, allowing us to expand our service offerings and drive unprecedented growth. With this union, we are poised to deliver even greater value and innovative solutions to financial institutions," said Douglas Ceto, President and CEO of Ceto. "We’re creating a future where our clients can confidently navigate challenges and seize new opportunities. When financial institutions thrive, their respective communities and local economies prosper. We are excited about the possibilities this acquisition brings to help further enhance our efforts in helping banks and credit unions remain strong financial pillars in their communities. Together with VPC, we’re committed to our mission of empowering these financial institutions with the tools they need to succeed," said Ceto.

"We are thrilled to join another family-owned business that shares our vision and mission to help financial institutions optimize their technology investments and operational processes. Financial institutions are under considerable stress, and this transaction accelerates our ability to provide significantly more capabilities to our existing and future clients at a critical time. The Ceto brand represents over 30 years of trust, integrity, and expertise. We are proud to be joining forces with a talented, like-minded team that shares our values of putting its employees and clients first," said Alison Van Pelt, Partner and CEO. "Banking technology is rapidly changing, creating problems and opportunities for financial institutions to navigate. Joining Ceto will allow us to help more financial institutions with a comprehensive suite of technology solutions. The combination of our firms will significantly enhance our ability to help clients navigate the complexities they face by providing deep expertise in technology, risk, and vendor management. The marriage of a 30-year-old veteran and an 18-month-old start-up provides a unique blend of stability, speed, and innovation that will benefit our clients." said David Van Pelt, Partner and COO.

Background of VPCtech:

Founded by Alison Van Pelt in 2019, Van Pelt Consulting quickly became known for its expertise in performance, scalability, stability, and operational efficiency. Alison's focus on comprehensive overhauls of data and workflows set the foundation for the firm's success.

In January 2023, the firm rebranded as VPCtech, welcoming David Van Pelt as a Partner. With over two decades of experience delivering technology solutions to financial institutions, David brings knowledge to optimize banking technology.

The VPCtech team, led by Alison and David, comprises experts with decades of hands-on experience optimizing core platforms for banks and credit unions.

About Ceto

Ceto was founded in 1994 to support and strengthen the profitability of local banks and credit unions, helping them remain pillars in their communities. In the last three decades, Ceto has served over 2,000 banks and credit unions across the United States and Canada. It remains dedicated to providing intelligent, innovative solutions to drive profitability and growth, enhance shareholder value, and build stronger, more prosperous communities.

This acquisition strengthens both companies' ability to serve the bank and credit union community, expanding their capabilities and services to better meet financial institutions' needs.

Media Contact:

John Allison 
Chief Marketing Officer
Ceto
(404) 474-7091
jallison@ceto.com