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...

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...

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,...

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...

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,...