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Announced

Completed

OceanSound Partners-backed Cash Flow Management completed the acquisition of NXTsoft.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Majority

Private

software developer

Single Bidder

Software

Private Equity

Completed

Domestic

United States

Synopsis

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OceanSound Partners-backed Cash Flow Management, a financial services company, completed the acquisition of NXTsoft, a software developer. Financial terms were not disclosed. “Financial institutions struggle to keep pace with their digital transformation goals because of the difficulty that stems from transferring data between their core and new fintech products. CFM and NXTsoft have developed intuitive API solutions that address these challenges by compiling pre-built integrations into one central hub. Their products enable banks and credit unions to build connected experiences for their customers and employees, accelerate time-to-market of new technology, and lower operating costs," Ted Coons, OceanSound Partner.

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