Kinective, the leading banking operations platform provider that simplifies the technology financial institutions need to compete, thrive and better serve their communities, announced its acquisition of Compuflex Corporation, a provider of transformative cash automation solutions with more than 40 years of specialized expertise serving financial, retail and gaming markets.
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The acquisition enhances Kinective’s existing partnerships with prominent cash device manufacturers, core banking and teller software providers, while extending the company’s leadership position in cash automation and device management solutions. Compuflex’s proven expertise in universal cash handling integration will strengthen Kinective’s market leadership position.
“Compuflex brings deep market knowledge, proven technology and top talent to our cash automation business,” said Stephen Baker, CEO of Kinective. “They’ve built strong relationships with financial institutions and technology partners that complement Kinective’s existing business well. This acquisition gives us more capacity and expertise to serve banks and credit unions that need reliable, modern cash automation solutions.”
Compuflex brings an established presence serving major financial institutions and a network of software and hardware partners, all of which will now join Kinective’s existing base of more than 4,000 financial institution clients. With solutions deployed to support thousands of devices both nationally and internationally, Compuflex’s over 40 years of specialized experience reinforces Kinective’s position as the trusted technology partner for financial institutions seeking comprehensive cash automation expertise.
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“Having led Compuflex for many years, I believe Kinective offers the right strategic and cultural fit for the company’s next chapter,” said James Clements, CEO and founder of Compuflex. “Their strong operational platform, coupled with a genuine commitment to employee and customer experience, makes this the right decision for our clients and our team. I’m confident the future is bright for Compuflex under Kinective’s stewardship.”
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The combined organization will operate from Kinective’s headquarters in Gilbert, Arizona, with additional offices in Rahway, New Jersey; Denver, Colorado; Chesterland, Ohio; and Noida, India.
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Source : businesswire