TA Associates Joins OceanSound Partners to Accelerate Growth and Innovation at Kinective
Summary
Kinective was formed in June 2023 through the combination of CFM, NXTsoft, and IMM, three fintech companies that together provide API connectivity, workflow automation, and data analytics software. The Company delivers the most comprehensive, open, and connected technology ecosystem in banking, helping financial institutions unlock new services, modernize operations, and elevate client experiences. With TAs extensive experience scaling software companies and OceanSounds proven operational capabilities, we are better equipped to achieve our mission of helping customers connect to bankings future. We are pleased to join OceanSound as partners in Kinective and look forward to leveraging TAs software expertise and global add-on acquisition and integration capabilities to drive sustained growth. Since we began our partnership in December 2021, Kinective has undergone significant transformation and more than tripled its revenues, outpacing our growth expectations, said Ted Coons, Partner, and Parin Shah, Principal at OceanSound.