CO-OP Financial Services said this week it has bought a stake in Finivation, a New York City software developer with a long history in the credit union space.

The California-based CO-OP said Finivation already is heavily involved in developing new products for the big CUSO and that its investment as a minority owner will help Finivation founder/CEO Brian Bodell expand his firm’s resources and product development.

Bodell made his mark with middleware pioneer qbt Software – sold to Corillian in 2005 – and now heads an operation that focuses on integrated Web and mobile application development and authentication solutions.

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