WILMINGTON, N.C., and AUSTIN, Texas (6/4/12)--Velocity Solutions, based in Wilmington, N.C., has acquired banking software from Austin, Texas-based Sheshunoff Consulting + Solutions.
The deal is expected to provide Velocity with additional staff from Sheshunoff Consulting and an installed base of clients who use Sheshunoff's Deposit Score, Platinum Overdraft and Pricing Partner.
Financial terms of the acquisition were not disclosed.
Velocity provides transaction account strategies, fee income enhancement, overdraft management tools, retail-account product design and account acquisition programs.
Sheshunoff Consulting + Solutions offers financial institutions risk management, executive development programs and investment banking services.