Trellance to Acquire 2020 Analytics

Credit union data analytics and business intelligence provider Trellance announced Tuesday it had entered into a definitive agreement to acquire the assets of the loan portfolio analytics service provider, 2020 Analytics.

According to a statement from the Tampa, Fla.-based Trellance, its acquisition of 2020 Analytics, also based in Tampa, would assist in deepening Trellance’s ability to offer business intelligence solutions for credit unions around the country.

The acquisition strategy, according to Trellance, will result in Trellance expanding its client base while incorporating loan portfolio analysis, concentration risk assessment, CECL calculations, collateral valuation and credit scoring, as well as “peer analytics to enhance services that identify and grow profitability while better managing risk.”

Trellance did not disclose the financial details of the acquisition, but did state it expects to have the acquisition finalized in November.

Trellance President/CEO Tom Davis said the acquisition will provide immediate value to Trellance credit union clients. “Our dedication to providing credit unions with best-in-class analytics means we are continuously developing and acquiring technology that augments our tech stack. With deeper business intelligence and more actionable insights from 2020 Analytics, credit unions can manage their portfolios more dynamically, to quickly and proactively respond to market trends,” Davis said.

Dan Price, president of 2020 Analytics said, “For nearly 15 years, we have considered ourselves an extension of the credit unions we serve. We believe we can serve them even better now as part of Trellance, combining our strengths to revolutionize the ways credit unions manage their portfolios and improve returns.”

According to Tuesday’s announcement, all 2020 Analytics staff will be kept on as full-time Trellance employees.