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...
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Latest news from OceanSound Partners and our portfolio companies
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...
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...
RMA Companies (“RMA”) today announced that it has acquired PRI Group (“PRI”), a leading provider of testing, product development, validation, and certification services to the asphalt, transportation, and building materials end-markets. Since December 2021, RMA has completed six acquisitions, as it executes an aggressive growth strategy to build a national platform for testing and inspection services....
Portfolio Company UpdateFebruary 22, 2023RMA Announces the Acquisition of GeoTest
RMA Companies (“RMA”) today announced that it has acquired GeoTest Services, Inc. (“GeoTest”), a leading provider of geotechnical, environmental, materials testing, specialty inspection, and building science services in the Pacific Northwest. Since December 2021, RMA has completed six acquisitions, as it executes an aggressive growth strategy to build a national platform for testing and inspection services. Terms of...
OceanSound Partners, a growth-oriented private equity firm, today announced that its portfolio company, CFM, has merged with NXTsoft. The combination creates the leading provider of API connectivity, workflow automation, and data analytics software for financial institutions. Simultaneously, NXTsoft completed its previously announced separation from ThreatAdvice, a cybersecurity solutions business. Terms of the transaction were not disclosed. Together,...
DMI, a global leader in digital transformation and managed services, announced today that it has acquired Simplex Mobility (“Simplex” or the “Company”), a leading provider of asset and expense management software. Simplex provides a centralized platform that manages all aspects of a customer’s mobile ecosystem including inventory management, help desk support, and cost optimization. For...
Portfolio Company UpdateJanuary 18, 2023Gannett Fleming Appoints Michael Della Rocca to its Board of Directors
Gannett Fleming (the “Company”), a leading engineering and infrastructure solutions provider, announced today the appointment of engineering industry leader Michael Della Rocca to its Board of Directors. Della Rocca brings over 35 years of experience as a senior executive in the engineering and construction industry. Prior to his appointment to Gannett Fleming’s Board of Directors,...
Portfolio Company UpdateJanuary 17, 2023RMA Announces the Acquisition of C Below
RMA Companies (“RMA”) today announced that it has acquired C Below, Inc. dba C Below Subsurface Imaging (“C Below”), a provider of technology-enabled underground utility locating services. As part of the transaction, C Below’s operations will be merged with RMA’s SiteScan Subsurface Imaging business (“SiteScan”) under the leadership of Chris Loera, C Below’s CEO. Since December 2021, RMA...
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