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,...

CFM, a software business driving transformation in retail banking, today announced that it has received a strategic investment from OceanSound Partners (“OceanSound”), a private equity firm investing in technology and technology-enabled services companies serving government and enterprise end markets. CFM will continue to operate under the leadership of the existing management team, led by CEO...