BIRMINGHAM, Ala.--(BUSINESS WIRE)--EPL, Inc., an established data-processing company serving credit unions nationwide, today announced a strategic investment of equity in its business by Dedagroup NA, the North American subsidiary of Dedagroup ICT Network (Dedagroup), an Italian software and IT services company. Dedagroup is part of a dynamic industrial group that generated revenue of approximately $3 billion in 2014. The 74 members of EPL’s management and employee teams will continue to operate the company’s day-to-day activities, and will work to grow market share aggressively in the United States.
Dedagroup NA’s investment in EPL marks Dedagroup’s entrance into the U.S. market. It follows the 2009 formation of Dedagroup’s Mexican subsidiary, Dedamex. Dedagroup serves the grocery, financial services and fashion industries.
“Our team members have dedicated themselves to setting the bar for outstanding data-processing services across the country,” said EPL President & Chief Executive Officer Wayne Benson. “Dedagroup’s investment in our company and team represents a transformative opportunity to capture market share while continuing our commitment to serving the U.S. credit union industry at the highest levels.”
EPL was founded in 1977 and, in addition to Dedagroup, remains owned by seven credit unions and a credit union league. It operates as a credit union service organization (CUSO) focused on continued innovation, leading the industry as it helps credit unions transform their technologies, member experiences and branch-delivery systems. EPL is best known for i-POWER®, its complete suite that covers the entire credit union operations supply chain, from its clients’ front ends to back offices. EPL and Dedagroup are committed to expanding i-POWER® further to be a world-class, market-driven solution.
“For years, Dedagroup has been contemplating the best time to enter the U.S. market,” said Dedagroup CEO Gianni Camisa. “Beyond sharing with EPL a mutual philosophy of data processing excellence and personalized client service, this investment of resources strengthens the company and provides our combined team the opportunity to offer our clients a broader range of solutions and resources in the world’s largest global economy.”
Dedagroup integrates and leverages communications and technological strengths throughout its network to provide comprehensive solutions for its customers. Its network is dedicated to increasing and improving its capabilities continually for increased agility and a higher level of service.
About EPL, Inc.
EPL has served credit unions’ technology needs exclusively for 38 years. As a core solutions provider, EPL empowers credit unions by tailoring solutions to fit their needs and leveraging member data into knowledge, helping foster growth and build lasting member relationships. EPL’s core delivers an open system connection suite of solutions, including lending, collections, robust online relationship banking, CRM, debit cards, document imaging, fraud detection, shared branching and more. EPL aligns with credit unions for a common purpose – to provide technology solutions that differentiate its clients in an increasingly competitive financial services market. Get Connected today at www.eplinc.com.
About Dedagroup ICT Network
Dedagroup ICT Network (Dedagroup) supports the IT and digital strategies of businesses, public administrations and financial institutions worldwide. Located in Trento, Italy, Dedagroup supports operations in the grocery, financial services and fashion industries through its network of more than 3,500 clients around the globe. Since 2008, Dedagroup has established operations in Mexico, United States, France and the Middle East, and today employs more than 1,600 team members who generate annual revenue of approximately $250 million. For more information, visit www.dedagroup.it/en.