TORONTO, ONTARIO (October 19, 2023) — Evergreen Financial Technology Group (EFTG), a constellation of businesses serving credit unions and other financial institutions, announced today that it has acquired Infonancial Solutions. Infonancial is a financial software and services partner offering best in class core processing software for Credit Unions, Banks and Trusts. Infonancial joins Sharetec Systems, Lodestar and other best-in-class software providers serving financial institutions across North America and the Caribbean.
“We are thrilled to partner with Infonancial given its long history providing mission critical software to its customers and we look forward to continuing the tradition of great products and services for the Canadian credit union market. Alex Plotkin has been an excellent steward of the business that Steven Press founded many years ago and we’re honored to be part of the next chapter for Infonancial, said Steffi Decker, Evergreen Financial Technology Group CEO”
EFTG invested in Infonancial Solutions due to its longstanding client relationships across Canada, innovative product offerings, banking sector expertise and track record of success. The company is headquartered in Toronto, Ontario.
Tucker Sholtes has been appointed CEO of Infonancial Solutions by EFTG, bringing technology transformation, software delivery and marketing & sales expertise and leadership to the company.
“Infonancial Solutions has a legacy of outstanding software products and customer service that has been integral to the member services provided by Credit Unions throughout Canada for over 33 years. It is an honor to join the Infonancial Solutions Team and lead the company towards continued growth and product innovation as the Credit Union industry continues to evolve through transformative technologies and offerings aimed at providing the very best member experiences.” said Tucker Sholtes
Infonancial will continue its operations as is and Alex Plotkin, former owner and CEO of Infonancial Solutions, will continue to be involved with the company in an advisory capacity.
“We are thrilled to have EFTG as our investor, given their alignment with our values and profound understanding of our market. Their unwavering commitment to the exceptional service standards our Infonancial clients are accustomed to, makes them an ideal partner. We are confident that this acquisition will not only create new business opportunities but also facilitate the introduction of a range of supplementary services within the EFTG group.” said Alex Plotkin
EFTG will continue its mission to invest in top-tier software and service businesses supporting financial institutions and enabling growth within these companies.
About Infonancial Solutions
Infonancial is a technology solutions provider to the financial services industry. Infonancial Solutions offers dynamic and specialized financial software solutions for financial institutions of different sizes. Its unique development process reflects close relationships with partners and ensures customized solutions that constantly evolve for current and future needs. As improvements and innovations are developed, they are carefully programmed to integrate seamlessly into operations. For more information, visit www.infonancial.com.
About Evergreen Financial Technology Group (EFTG)
Evergreen Financial Technology Group (EFTG) is a division of Evergreen Services Group focused on software and service businesses supporting financial institutions. Communities everywhere count on local financial institutions, and financial institutions count on a host of software and services providers in order to compete in today’s competitive landscape.
EFTG’s vision and mission is to invest in the great software and services businesses that support those financial institutions. EFTG believes in the value of permanence. EFTG’s parent company Evergreen Services Group has acquired over 80 companies and sold zero.
ContactsTucker Sholtes, 607-759-3939
Evergreen Financial Technology Group
Steffi Decker, 914-715-4495