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

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.