League Data acquires Technicost
League Data Ltd. announced today that they have acquired Technicost from Co-operators Financial Services Ltd. effective January 1, 2024. Technicost is a technology company that provides credit management solutions, including Loan Origination Systems (LOS) to credit unions. The combined capabilities of both organizations will help streamline and enhance technological services offered to credit union clients. "Our shared co-operative values make this venture a natural fit for our organizations," said Carrie Forbes, CEO, League Data. "The acquisition will allow Technicost continued growth with their product offering as well as providing an opportunity for both companies to scale technology, resources and credit union collaboration." Since 1982, Technicost has been providing Canadian Credit Unions with LOS solutions, delivering dynamic, unmatched credit software solutions to 40+ financial institutions across Canada. Technicost has been part of Co-operators Group of Companies since 2019.
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