Contact:
Aaron
Silva
Director of Corporate Development
(925) 472 6557
asilva@compushare.com
COMPUSHARE
CONTINUES MARKET CONSOLIDATION STRATEGY
BY ACQUIRING GARRISON SECURITY SERVICES
Credit
Unions nationwide now have access to Compushare’s
compliance assessment,intrusion prevention, vulnerability
remediation and management services
ORANGE
COUNTY, Calif., and AUSTIN, TX, September 8, 2006 –
Compushare, Inc., a national Financial Technology Management
company for community financial institutions, has acquired
Garrison Security Services, Inc., a provider of technical
support services to U.S. based credit unions. Austin,
Texas-based Garrison Security Services serves hundreds
of credit unions nationwide. The acquisition increases
Compushare’s market share in the national credit
union space significantly and enables these credit unions
to take advantage of the company’s expertise in
other critical IT business concern areas related to
strategy, safety, soundness and support.
“We
chose Compushare because of their excellent reputation,
deep resources and strong position in the community
financial institution marketplace.” said Kelly
Dowell, president of Garrison Security Services. “We
have always wanted to provide compliance, security,
vulnerability management and strategic consulting services
to credit union clients, and now we can with Compushare’s
great team and unique business methodology. I foresee
our clients, and the Credit Union market as a whole,
strongly embracing Compushare when they fully understand
the value of this merger to their institutions.”
This
acquisition marks the second major market consolidation
action taken by Compushare in as many years. In 2005
Compushare acquired Pifer Financial Services of Barrington,
New Jersey increasing their already growing client list
beyond five hundred community banks and expanding Compushare’s
market foot print into the Northeast and Mid-Atlantic
regions of the United States.
“Compushare
is extremely pleased to expand our presence in the Credit
Union marketplace. Garrison has an excellent reputation
with their clients and we intend to exceed their expectations.”
said Romir Bosu, president and CEO of Compushare. “Credit
unions will benefit from our IT and compliance expertise
and exclusive focus on their needs.”
About
Garrison Security Services
Garrison Security Services provides managed security
services primarily in the U.S. based credit union market.
About
Compushare
Founded in 1995 Compushare is a Financial Technology
Management company that enables community financial
institutions to focus on their operations, franchise
value and safety. Their expertise and business approach
toward technology performance and compliance assures
strategic success. Compushare supports clients in major
markets located in California, Texas, Nevada, the Pacific
Northwest, Southeast and Mid-Atlantic regions of the
United States. For more information visit www.compushare.com.

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