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...
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Latest news from OceanSound Partners and our portfolio companies
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,...
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...
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...
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...
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