Financial Advisor
NXTsoft
M&A Advisory
A Portfolio Company Of
Has Combined With
A Portfolio Company Of
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.
-
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
“Stephens” (the company brand name) is a leading family-owned independent financial services firm. Stephens’ US operations are headquartered in Little Rock, AR, with strategic locations in the US and a European presence in the UK and Germany. Stephens Inc. is a Member of the New York Stock Exchange and the Securities Investor Protection Corporation and is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority. Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024) is authorised and regulated by the Financial Conduct Authority.
For more information, visit www.stephens.com. © 2023 Stephens