SANTA ANA, Calif., March 14 — Compushare, the nation's leading Technology Management Provider for the financial industry and pioneer of C3 — the only fully hosted cloud computing solution designed specifically for financial institutions — announced today that it has been selected as the exclusive strategic alliance provider by CUNA Strategic Services, Inc. (CSS) for its cloud computing solutions.

Cloud computing has become "commercially acceptable and necessary" to the financial services industry, according to Nicholas Brewer of Aite Group. It's not just core processing that is moving to the cloud, but all applications, allowing credit unions to get out of the business of maintaining on-premise technology and focus on serving their members. In 2011, Compushare launched its C3 solution which has led to the company's rapid growth and widespread adoption in the financial services industry.

CSS, owned jointly by Credit Union National Association (CUNA) and the state leagues, provides credit unions with access to high quality products, services, and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. After extensive due diligence, CSS has selected Compushare as its newest strategic alliance to provide credit unions with a unique solution, giving them the ability to focus on their core business of providing a high level of service to their members while reducing the burden and costs associated with owning and managing technology in house.

"We know credit unions will be looking for ways to leverage cloud computing in the near future to take advantage of its cost, operational and efficiency benefits. Very few providers have built a cloud environment specifically for financial institutions," said Wes Millar, CSS senior vice president. "Compushare's C3 platform, designed to meet credit unions' growing regulatory requirements, hosts more than 200 applications and is integrated with many of the primary core processors." Millar added, "Compushare's best-in-class reputation is backed by being named one of the top 25 managed service providers by MSPmentor on its global 501 list."

"Compushare is very excited to have been selected as the exclusive alliance provider for cloud computing by CUNA Strategic Services. What an honor and validation of our commitment to serving the credit union market," said Romir Bosu, CEO and founder of Compushare. "We have seen the adoption of cloud computing among credit unions increase over the last couple of years and along with CSS, believe the market is ready for a solution which assists in controlling costs, increasing efficiencies and preparing for increased compliance requirements. We are looking forward to working closely with CSS to ensure we continue to bring the right technology solutions to the credit union market," added Bosu.

Credit unions that want to learn more about Compushare and the benefits of this alliance are invited to join a webinar hosted by Compushare and CUNA Strategic Services on Wed., April 10 at 11:00 a.m. PDT/2:00 p.m. EDT.

About Compushare

Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 15 years of technology experience supporting over 800 financial clients nationwide, Compushare is a SSAE 16 certified, FFIEC examined and preferred partner with many major providers. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.

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Source: Compushare