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Portfolio Company UpdateOctober 13, 2023SMX Announces Acquisition of Creoal Consulting

SMX, a leader in next-generation mission support, digital transformation and IT solutions, today announced the acquisition of Creoal Consulting (Creoal), an innovative solution provider specializing in digital transformation solutions with a sharp focus on migrating Oracle enterprise applications to cloud-native Software-as-a-Service (SaaS) offerings, including Enterprise Resource Planning (ERP), Human Capital Management (HCM), Supply Chain Management...

Portfolio Company UpdateOctober 11, 2023TA Associates Joins OceanSound Partners to Accelerate Growth and Innovation at Kinective

Kinective, a leading provider of connectivity, workflow, and analytics software for the banking sector, today announced that it will receive a strategic investment from TA Associates (“TA”) and existing investor OceanSound Partners (“OceanSound”). This transaction will enable Kinective to bolster product innovation, increase investment in sales and support resources, and deliver enhanced value to its customers. Upon completion of...

Firm UpdateSeptember 14, 2023OceanSound Partners Adds Seven New Professionals to its Growing Team

OceanSound Partners (“OceanSound”), a private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets, today announced the addition of seven professionals to support the firm’s growth in regulatory assets under management (“RAUM”), portfolio companies and investment activity. The firm currently manages more than $1.8bn in RAUM, has seven...

Portfolio Company UpdateAugust 1, 2023Gannett Fleming Acquires DiGioia Gray

Gannett Fleming, a leading provider of engineering and infrastructure solutions, announced today that it has acquired DiGioia Gray (the “Company”), a provider of power delivery, geosciences, geotechnical, and civil engineering solutions. The acquisition will deepen Gannett Fleming’s existing transmission and substation engineering offering and allow Gannett Fleming to serve power and utility clients on a...

Portfolio Company UpdateJuly 13, 2023Kinective Strengthens Leadership Team with Key Hires

Kinective, a leading provider of connectivity, workflow, and analytics software for the banking sector, today announced the appointment of three executives to support its continued growth, product innovation, and market leadership. The company has hired Chris Legros as Chief Financial Officer, Chuck McDowell as Executive Vice President of Services, and Dan Snyder as Executive Vice President of Product. Kinective was recently formed through...

Portfolio Company UpdateJune 6, 2023Kinective Formed Through Strategic Combination of CFM, NXTsoft, and IMM

Kinective, a leading provider of connectivity, workflow, and analytics software for the banking sector, today announced its formation through the combination of CFM, NXTsoft, and IMM. Kinective delivers the most comprehensive, open, and connected technology ecosystem in banking. Across offices in Phoenix, Orlando, and New Jersey, its 300 team members serve more than 2,500 customers,...

Portfolio Company UpdateMay 16, 2023DMI Appoints Rocky Thurston as Chief Executive Officer

DMI, a global digital transformation solutions company, today announced that Rocky Thurston has been appointed Chief Executive Officer. Rocky succeeds Sunny Bajaj, the company’s founder, who served as Chief Executive Officer since 2002 and will remain on DMI’s board of directors. Rocky joined DMI as Chief Operating Officer in January 2022 and has worked closely...

Portfolio Company UpdateApril 20, 2023CFM Names Stephen Baker as Chief Executive Officer

CFM, a leading provider of connectivity, workflow, and analytics software for banking, today announced that Stephen Baker has been named Chief Executive Officer, effective May 1, 2023. After a brief transition, current CEO John W. Smith will remain actively involved as vice chairman of CFM’s board of directors. This appointment follows a series of recent...

Portfolio Company UpdateApril 13, 2023CFM Announces Strategic Acquisition of IMM

CFM today announced the acquisition of IMM, a software business that helps financial institutions automate document workflow via comprehensive integrations with existing systems. Following the recent acquisition of NXTsoft, this transaction unites three, highly complementary fintech companies that together provide API connectivity, workflow automation, and data analytics software for over 2,500 banks and credit unions. The combined platform is...

Portfolio Company UpdateMarch 16, 2023RMA Announces the Acquisition of A.J. Edmond Company

RMA Companies (“RMA”) today announced that it has acquired A.J. Edmond Company (“A.J. Edmond”), a leading provider of inspection, sampling, and analytical services. Since December 2021, RMA has completed seven acquisitions, as it executes an aggressive growth strategy to build a national platform for testing and inspection services. Terms of the transaction were not disclosed. Founded...