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Reseda Group Acquires Digital Consumer Engagement Leader Channelnet

Jul 10, 2023•over 2 years ago

Acquiring Company

Reseda Group

Acquired Company

ChannelNet

East LansingFintechFinanceFintechSaasFinancial ServicesSoftware

Description

Reseda Group, a wholly owned credit union service organization (CUSO) of MSU Federal Credit Union (MSUFCU), today announced its purchase of ChannelNet, a leader in digital consumer engagement through its OneClick FinancialTM platform that allows financial institutions and credit unions to create relevant, progressive, digital conversation with account holders to better understand their needs and life events that drive financial transactions.

Company Information

Company

Reseda Group

Location

East Lansing, Michigan, United States

About

Reseda Group is a wholly-owned credit union service organization of MSU Federal Credit Union (MSUFCU), focused on the way people interact with their finances and how financial institutions engage with their consumers. By leveraging innovative products developed in-house and through its partnership ecosystem, Reseda Group is making financial technology and engagement solutions more accessible and approachable to the industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed