MALVERN, Pa. -- Akcelerant Software LLC has purchased the TAPS lending software business from FORUM Solutions, a CUSO of $1 billion FORUM Credit Union in Indianapolis.
FORUM Solutions (www.forumsolutions.com) developed the first version of the automated lending software solution in 1999 and said it currently is installed at 29 credit unions.
The sale is effective April 1 and transition of TAPS sales and support to Akcelerant will begin immediately, the companies said. Terms of the transaction were not announced.
Akcelerant (www.akcelerant.com) currently provides collections, service, sales and marketing software to more than 200 credit unions and banks in 44 states, the company said.