PE-backed Abrigo acquires FARIN
Austin, TX — Abrigo, a number one technology provider of compliance, credit risk, and lending solutions for community money establishments, declared these days the acquisition of Wisconsin-based Farin money Risk Management (FARIN). FARIN could be a leader and business trendsetter within the enterprise risk management house, with its flagship plus liability management platform and extremely regarded consultive services.
Farin consultive services and solutions are essential for money establishments in deciding interest rates and liquidity risk exposures and addressing these problems with the loan and deposit evaluation. FARIN’s business specialists tailor solutions for every establishment, from modeling the impact of internet interest margins and interest rate shocks to providing loan and deposit evaluation studies and tools, leading to considerably improved profitableness.
“We are targeted on fast growth through the acquisition of latest technologies and capabilities, with the categorical purpose of providing our customers with best in school-enterprise risk solutions,” aforesaid Wayne Roberts, chief operating officer of Abrigo. Adding, “FARIN could be an excellent acceptable Abrigo’s strategy to form big things happen for community money establishments. With its innovative approaches to plus liability management, FARIN permits its customers to grow and increase profits by managing market and liquidity risk.”
Dave Koch, chief operating officer of Farin money Risk Management adds, “We are extraordinarily excited regarding connexion forces with Abrigo. This partnership brings new and exciting opportunities for our shoppers likewise as our experienced team of dedicated professionals. this combination of innovative, industry-leading corporations can continue Tom Farin’s commitment to serving to community money establishments.” Tom Farin, Chairman and Founder add, “Abrigo is committed to the values of the leading-edge product, thought-leadership education and outcome targeted skilled services for community establishments that drove FARIN for thirty-four years.”
Abrigo is funded by a non-public equity firm Accel-KKR (AKKR). Park Durrett, AKKR decision-maker, states, “We endowed in Abrigo to create a platform company serving money establishments needing enterprise risk management solutions. This acquisition adds to a robust and growing portfolio and can still enhance the worth the corporate brings to each its customers and therefore the business.”
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