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Announced

Completed

OceanSound Partners-backed CFM completed the acquisition of IMM.

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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Software

Majority

United States

Single Bidder

Acquisition

Completed

Friendly

Domestic

Private Equity

eSignatures

Private

software development

eWorkflow

Digital Services

Synopsis

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OceanSound Partners-backed CFM, a provider of connectivity, workflow, and analytics software solutions, completed the acquisition of IMM, a software business that helps financial institutions automate document workflow via comprehensive integrations with existing systems. Financial terms were not disclosed. “The addition of IMM helps us better serve our customers through an expanded product portfolio, new commercial partnerships, and additional resources across support, sales, and development. Since 2021, we have expanded to 300 team members and tripled revenues through sustained organic growth and strategic acquisitions. We look forward to continuing our aggressive growth trajectory in 2023 and beyond," John W. Smith, CFM CEO.

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