Carmel, Indiana – January 10, 2023
Allied Solutions has finalized an agreement to acquire majority ownership of Vero, a key product and services provider for the retail automotive and financial institution industries. The move further expands Allied Solutions’ footprint in automotive aftermarket solutions and, along with previous investments in TrxNow, Deep Future Analytics and others, enhances the company’s capabilities in both consumer experience and technology solutions. “We’re excited to welcome Vero to the Allied Solutions family,” said Pete Hilger, Chief Executive Officer of Allied Solutions. “The value that Vero offers to dealers and credit unions in terms of operational support and efficiencies – combined with the experience and expertise of our own people – allows both of our company’s and our clients to benefit,” said Hilger. Allied Solutions’ long-standing relationship with Vero and the company’s CEO, Joe Annoreno ensures a bright future for Vero and its clients. “This new agreement allows Vero’s clients to benefit almost immediately,” said, Annoreno. “From our humble beginnings, Vero has grown by focusing on listening to and better serving the needs of our clients, and the capabilities that Allied Solutions will bring to our people expands our ability to continue to do just that.” While Allied Solutions and Vero will continue to operate independently, the new agreement will enable each company to leverage the experience, expertise, and technology of the other to better serve their clients. The arrangement also enhances a strategic partnership between Allied Solutions and Origence, formerly CU Direct, and reinforces both companies’ commitment to provide financial institutions and automotive dealers with solutions that help them grow, protect, and evolve in an ever-changing market.
About Allied Solutions
Allied Solutions is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in the US. Allied Solutions uses technology-based solutions customized to meet the needs of 4,000 banks and credit unions, along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana and maintains several offices strategically located across the country. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group.
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