M&A Deal Summary

Kinective Acquires CFM

On June 6, 2023, Kinective acquired information technology company CFM from OceanSound Partners

Acquisition Highlights
  • This is Kinective’s 2nd transaction in the Information Technology sector.
  • This is Kinective’s 2nd transaction in the United States.
  • This is Kinective’s 1st transaction in Arizona.

M&A Deal Summary

Date 2023-06-06
Target CFM
Sector Information Technology
Buyer(s) Kinective
Sellers(s) OceanSound Partners
Deal Type Merger

Target

CFM

Tempe, Arizona, United States
CFM is a provider of connectivity, workflow, and analytics software solutions for over 2,500 banks and credit unions in North America. The company helps financial institutions create modern banking experiences, reduce operating costs, improve in-branch productivity, and achieve their IT modernization goals. CFM was formed in 2006 and is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

Kinective

Gilbert, Arizona, United States

Category Company
Sector Software
DESCRIPTION

Kinective is a developer of middleware and application software solutions for the retail banking end-market, serving nearly 2,500 banks and federal credit unions. Kinective is based in Gilbert, Arizona.


DEAL STATS #
Overall 2 of 7
Sector: Information Technology M&A 2 of 4
Type: Merger M&A Deals 2 of 2
State: Arizona M&A 1 of 1
Country: United States M&A 2 of 7
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 NXTsoft

Birmingham, Alabama, United States

NXTsoft provides API, cybersecurity and data software solutions for financial institutions. The company's other solutions include data security, data analytics, data management and data migration. NXTsoft’s products and services help businesses secure, connect and optimize their data to maximize revenue opportunities, enhance profitability and mitigate cybersecurity risk. NXTsoft is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Nexus Software

Chesterland, Ohio, United States

Nexus Software is a provider of device support for retail banking teller and platform solutions. Nexus provides software that connects any solution to any device in the retail branch. The software is installed on more than 400,000 workstations through over 1,100 financial institutions worldwide. Nexus Software was founded in 1985 and is based in Chesterland, Ohio.

Buy -

Seller(S) 1

SELLER

OceanSound Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

OceanSound Partners is a private equity firm that makes control investments in technology and technology-enabled services companies serving government and enterprise end markets. The Firm seeks situations where it can be a hands-on investor, helping partner companies with its experience in supporting growth initiatives. OceanSound Partners was formed in 2018 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Kinective

Gilbert, Arizona, United States

Kinective is a developer of middleware and application software solutions for the retail banking end-market, serving nearly 2,500 banks and federal credit unions. Kinective is based in Gilbert, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Convey

Denver, Colorado, United States

Convey is a provider of customer engagement software for electric utilities and other highly regulated industry sectors. Convey's software solutions drive increased customer satisfaction, operational efficiency, self-service, and conversion across several communication channels and critical use cases, including power outages, payments, and energy efficiency. Convey was founded in 1998 and is based in Denver, Colorado.

Buy -