Kinective Acquires Nexus Software
PHOENIX – July 16, 2024 - 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.”