Company Directory - Velocity Technology Solutions
Company Details - Velocity Technology Solutions
Velocity Technology Solutions
WebsiteVelocity Technology Solutions is a company specializing in managed cloud services and Oracle cloud solutions. It helps organizations manage, migrate, and optimize their cloud infrastructure while leveraging Oracle cloud technologies.
CCI Score
CCI Score: Velocity Technology Solutions
17.47
-0.01%
Latest Event
Minimal Political Influence in 2024 Cycle
In the 2024 election cycle, Velocity Solutions reported only $220 in contributions and no lobbying or outside spending. This minimal financial political activity suggests a low profile in political influence and a reduced risk of supporting authoritarian agendas.
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SABOTEUR
Velocity Technology Solutions is currently rated as a Saboteur.
Latest Events
- FEB062025
In the 2024 election cycle, Velocity Solutions reported only $220 in contributions and no lobbying or outside spending. This minimal financial political activity suggests a low profile in political influence and a reduced risk of supporting authoritarian agendas.
+70
Political Contributions and Lobbying Efforts
March 28
The company's very modest contribution of $220 with no reported lobbying or outside spending in the 2024 cycle reflects a low engagement in political financing. This limited political involvement minimizes the risk of channeling funds towards partisan or authoritarian causes, aligning with principles of transparency and anti-authoritarianism.
- SEP202024
CSI, a prominent FinTech provider, announced its acquisition of Velocity Solutions on 2024-09-20. The deal aims to integrate Velocity’s data-driven deposit management and intelligent overdraft decisioning systems to enhance technology offerings and empower community and regional financial institutions.
+15
Business Practices and Ethical Responsibility
March 28
The acquisition is a strategic business move that enhances CSI's suite of financial technologies, potentially strengthening the support infrastructure for community banks. This move can help increase competition against larger banks and promotes responsible, community-focused business practices.
CSI acquires Velocity Solutions to bolster FinTech offerings in intelligent deposit growth
+10
Technology and Services Impact
March 28
The deal brings cutting‐edge, data-driven financial management technology into play. By integrating advanced deposit management and overdraft decisioning systems, the acquisition enhances technological capacities that can improve equitable access to financial services for smaller institutions.
CSI acquires Velocity Solutions to bolster FinTech offerings in intelligent deposit growth
+15
Economic and Structural Influence
March 28
Positioned to empower community and regional financial institutions, the acquisition may rebalance economic power in the financial sector. This consolidation can support smaller banks in competing with larger entities, thereby contributing to a more equitable and decentralized economic structure.
CSI acquires Velocity Solutions to bolster FinTech offerings in intelligent deposit growth
- SEP012023
In September 2023, Velocity announced layoffs affecting approximately 14% of its workforce as part of a restructuring aimed at streamlining operations and ensuring financial sustainability. The decision has raised concerns about the treatment of workers and the broader impact on labor rights in the industry.
-60
Labor Relations and Human Rights Practices
March 28
The layoffs, affecting 14% of the workforce, indicate a significant negative impact on worker security and rights. From an anti-authoritarian and pro-worker perspective, this move reflects a disregard for labor welfare, as reducing staff for operational efficiency adversely affects employee stability and undermines efforts toward fair labor practices.
- JAN012023
An OpenSecrets profile on Velocity Solutions indicates that the company has not reported any lobbying efforts at the federal level or on specific bills, suggesting a non-engagement in direct political influence.
+50
Political Contributions and Lobbying Efforts
March 28
By not engaging in federal or specific bill lobbying, Velocity Solutions avoids channeling influence into political processes that can facilitate authoritarian agendas. This non-participation aligns with anti-fascist values by reducing the risk of bolstering authoritarian power dynamics.
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