Convergint is set to enhance its services for financial institutions in the United States by acquiring Nusource Financial LLC.
Renowned for its service-based systems integration, Convergint aims to strengthen its offerings in ATM services, ITMs, Teller Cash Recyclers, and remote managed services, further solidifying its strategic growth in the financial sector.
Expanded capabilities in financial services
This acquisition is viewed as a pivotal expansion of Convergint's capabilities in financial services. It is expected to create a synergy between Nusource's expertise and Convergint's established global presence.
Sean Flint, President of Americas at Convergint, remarked, “This acquisition represents one of the most significant expansions of our financial services capabilities to date.”
He emphasised that the combined strengths of the two companies will deliver notable advantages for financial institutions seeking to innovate their branches, improve security, and elevate customer experiences.
Integration of Nusource employees and solutions
These additions will bolster Convergint’s portfolio in electronic security, fire and life safety, and building technology solutions
The transaction will bring over 140 Nusource employees to Convergint, alongside an array of financial services technologies and operational solutions. These additions will bolster Convergint’s portfolio in electronic security, fire and life safety, and building technology solutions.
Jon Erpelding, Co-Founder, President, and CEO of Nusource Financial, expressed enthusiasm for the merger, stating, “We are excited to carry on our legacy of providing world-class service with the same team operating under the Nusource name that our clients have entrusted for many years. Becoming part of Convergint gives us the opportunity to continue that commitment while gaining the scale and resources of a global security pioneer.”
Nusource Financial’s reputation and approach
Nusource Financial, established in 1999 and headquartered in Eden Prairie, Minnesota, has served a broad range of community banks, regional banks, and credit unions across the nation.
Known for its consultative approach and dedication to client needs, Nusource has built a strong reputation within the financial industry. Its integration into Convergint is anticipated to enhance the value and services offered to the financial services community.
