The Bank Slate


Kinective formed from merger of three tech firms

A trio of technology firms have merged to create a single company.

CFM, NXTsoft and IMM said in a press release that they had combined to form Kinective. The new company has 300 employees across offices in Phoenix; Orlando, Fla.; and New Jersey.

Stephen Baker, who was the CEO of CFM, will serve in the same role at Kinective. The company is backed by private equity firm OceanSound Partners.

CFM helps financial institutions integrate branch hardware with their core systems. NXTsoft connects financial institutions and fintechs using APIs, and IMM is an electronic signature vendor.

“We are thrilled to offer our customers a cohesive experience by launching Kinective, which leverages the combined solutions, resources, and seven decades of experience of our three complementary businesses,” Baker said in the release.

“Our brand connects our employees and customers under a shared vision and reflects our mastery in building connected digital experiences for financial institutions,” he added.

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