NXTsoft | Stephens

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Financial Advisor

NXTsoft

Value Not Disclosed 01/26/2023 Technology, Media & Telecom Complete
Financial Sponsors
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Transaction Details

  • On January 26th, 2023, OceanSound Partners announced that its portfolio company, CFM, has merged with NXTsoft to create the leading provider of API connectivity, workflow automation, and data analytics software for financial institutions
  • NXTsoft completed its previously announced separation from ThreatAdvice, a cybersecurity solutions business
  • NXTsoft helps its customers secure, connect, and optimize their data through integration flows that connect over 75 software applications to over 40 core processors
  • Together, CFM and NXTsoft deliver API solutions to over 1,800 banks and credit unions in North America

About the company

NXTsoft

NXTsoft is the leading provider of secure, comprehensive, and complete workflow API connectivity, connecting fintech solutions to over 1,100 banks and credit unions throughout the United States. NXTsoft’s other solutions include data analytics, data management, and data migration. NXTsoft’s products and services help businesses secure, connect, and optimize their data to maximize revenue opportunities and enhance profitability. NXTsoft was founded in 2017 and is based in Orlando, Florida and Birmingham, Alabama. For more information visit, please visit www.nxtsoft.com.

CFM

CFM is driving transformation in retail banking through software that integrates core banking systems with branch technology, including cash recyclers, self-service kiosks, and tablet banking interfaces. CFM’s software solutions and data analytics tools simultaneously help financial institutions create modern retail banking experiences and drive operational efficiency by reducing branch operating costs and improving productivity. CFM has sold over 55,000 licenses to over 700 bank and credit union customers. CFM was founded in 2006 and is based in Tempe, Arizona. For more information, please visit: www.whycfm.com.

Sources: Company Filings and Press Release.
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