Kinective Acquires Nexus Software
2024年7月16日 - 10:00PM
ビジネスワイヤ(英語)
Acquisition of branch connectivity software
provider opens new channels and fuels growth
Kinective, the leading provider of connectivity, document
workflow, and branch automation software for the banking sector,
today announced the acquisition of Ohio-based Nexus Software
(Nexus), a market leader in branch device management for financial
institutions. This strategic acquisition boosts Kinective's
position as a market leader in banking software, driving
transformation in retail operations while creating new avenues for
international market expansion.
Serving over 1,100 financial institutions, including several
global banking leaders, Nexus’ branch automation software connects
branch hardware to core processing systems. With their platform
supporting over 400,000 branches in more than 100 countries, their
extensive presence outside of the U.S. enables Kinective to expand
its Banking Operations Platform internationally.
“We are thrilled to welcome the clients, employees, and partners
of Nexus,” said Stephen Baker, CEO of Kinective. “Nexus is a
respected name in our industry with a legacy of customer centricity
and service excellence. Their addition enhances Kinective’s product
suite in branch automation, expands our footprint across
international markets, and opens new partnership channels. With
this acquisition, Kinective is serving our commitment to the future
of banking technology.”
Kevin Eilerman, CEO and President of Nexus, said, “We are
excited to join Kinective. In our exploration of this partnership,
we uncovered several shared values, including an unwavering
commitment to client success and a passion for innovation in
banking. In addition to these shared principles, our two respective
firms have highly compatible cultures and similar industry
experience, which we believe will facilitate a seamless integration
process for our employees and minimize any potential disruption to
our customers.”
About Kinective
Kinective is the leading provider of connectivity, document
workflow, and branch automation software for the banking sector.
With the most comprehensive, open, and connected technology
ecosystem in banking, Kinective helps Financial Institutions unlock
new services, modernize operations, and elevate client experiences
to enhance their competitive edge. Kinective serves more than 2,500
banks and credit unions, giving them the power to accelerate
innovation and deliver better banking to the communities they
serve.
For more information about Kinective, visit www.kinective.io or
connect with the company via LinkedIn.
About Nexus Software
Nexus Software LLC is the leader in device support for retail
banking teller and platform solutions. Nexus provides software that
connects any solution to any device in the retail branch. Founded
in 1985, Nexus Software has software implementations in over one
hundred countries through their partners and relationships with
financial institutions worldwide. Their software is installed on
more than 400,000 workstations through over 1,100 financial
institutions worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20240716597884/en/
Media Contact: Anna Stanley William Mills Agency
anna@williammills.com 251.404.5870
Kinective Contact: Michael Ball Kinective 908.487.1140
Michael.ball@kinective.io