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Identifi logo

Identifi partners with Arcadea Group to accelerate growth in the banking and credit union market

Toronto, Ontario, Canada / Safety Harbor, Florida USA

Identifi, the leading independent provider of Enterprise Content Management and Workflow software for Banks and Credit Unions, has completed a strategic growth equity recapitalization with Arcadea Group, a long-hold, permanent capital growth investor in high quality software companies. This investment is the third for Arcadea in the Financial Services sector this year.

The transaction will see Identifi’s Founder and CEO, Alan Wiessner, continue in his role and maintain a significant equity interest as the business enters its next chapter of growth and scale.“ We are extremely excited to partner with Arcadea for this next phase of Identifi’s journey. The institutional scale they will bring to us and our customers will allow for accelerated execution against our go-to-market and product strategies” said Wiessner. He went on to mention “We look forward to leveraging Arcadea’s deep vertical software expertise as we increase the scope of our offerings and expand our reach to more customers that can benefit from our best-in-class solutions.”

Daniel Eisen, Managing Director & Co-Founder of Arcadea Group, said, “Al and his team have built a wonderful business that delivers enormous value to their customers. We look forward to supporting the continued growth of the business as it expands its presence in the market. Identifi is a great addition to our growing portfolio of best-in-class independent software vendors for the banking and credit union market. ”

Mike Nicastro, the CEO of Coppermine Advisors a long-time strategic advisor to Identifi, will continue to support the business alongside Arcadea. “I have been extremely impressed with Arcadea’s unique philosophy and approach to investing in high quality software companies.” Mr. Nicastro, having been the CEO of Continuity (a leading RegTech recently acquired by Mitratech) and the SVP & CMO of Open Solutions (OSI, ultimately acquired by Fiserv) where he led overall product strategy, has spent decades in the sector including 10 years as director of a publicly traded community bank. Nicastro continued, “I know that the bank and credit union market badly needs independent, best-of-breed Workflow and ECM solutions and related offerings, for which Identifi is the clear leader across the market. Identifi – and its customers – will be well served by Arcadea’s permanent, stable capital support and commitment to multi-decade outcomes. I am delighted to work alongside the Arcadea team to support the Identifi business in its rapid growth for many years to come.”

“We’re excited about this chance to partner with theIdentifi team," said Paul Yancich, Managing Director & Co-Founder of Arcadea Group. He added,“ The business represents the sort of growth, mission-criticality, capital efficiency and market position we look for in all of our investments and are excited to work together to achieve great outcomes for our banking and financial services customers.”

About Identifi

Based out of Safety Harbor Florida and originally founded in 1988 as Integra Business Systems, Identifi has grown into a market-lead around process automation for Financial Institutions. Focused on increasing efficiency, visibility, accuracy and customer engagement, Identifi software addresses several key areas within Financial Institutions: Loan cycles, audits, new account openings, integration with core banking, credit card processes, vendor management, wealth management, employee onboarding, accounts payable and teller lines – tying these discrete functions together across complex institutions.

About Arcadea Group

Arcadea Group invests in high-quality, independent, typically founder-controlled software companies over durations of time that no other private equity or growth equity firm can match. Based in Toronto, Canada and Orlando, Florida and investing globally, Arcadea exclusively focuses on businesses with long-term growth potential and ambitions.

About Coppermine Advisors, LLC

Connecticut based Coppermine Advisors, LLC provides strategic guidance to a wide array of businesses with a focus on FinTech, BankTech & RegTech. Focused on strategic planning, growth and creating a vision for the future of its clients by working closely with their teams as well as the other key members of the ecosystem such as venture capital, growth equity, private equity and investment banker. 

For Further information contact:

Identifi

sales@identifi.net

Seasons Greetings from all of us at Identifi

Happy Holidays! One of Identifi’s core values is particularly appropriate for the holidays, Play as a Team. We continue to work hard and play hard as a unified team, even as we are separated by virtually everything.

With all the ever-evolving distractions, it’s easy to get wrapped up in ourselves and our own lives, while the rest of the world around us takes a back seat. Remember who’s driving. Focus on what’s important, you, your family and Identifi, your greener than ever source of energy!

Identifi Workflow integration of our Online eSign OLE product is a powerful tool in our remote world we live in. Identifi’ Private Cloud a.k.a., Identifi SaaS is our best effort to keep our customers’ data and documents safe and easily accessible.

We continue our work to simplify business solutions by connecting what matters for you and for your people.

All of us at Identifi wish all of you and your families the best health, happiness and success in the New Year!

Significant Growth Paves Way to Identifi Enhanced ECM

Significant Growth Paves Way to Identifi Enhanced ECM

Significant Growth Paves Way to Identifi Enhanced ECM

Where to begin?

First let me thank all of you, fellow employees, customers, suppliers and service organizations for your support of Identifi. While COVID kept us apart, covered our faces, and muffled our voices, collectively we grew closer. We became more resourceful. We worked alongside and online with our children learning virtually. We remodeled, rearranged, created workspaces and home gyms.

Our 5 office buildings are equipped with state-of-the-art air purifiers, industrial strength disinfectants, and a 10-year supply of hand sanitizer. Those of us who come into the offices every day, rattled around a bit aimlessly at first, spooked one another on the occasion we met in the hallways and settled in for what has been a much longer routine to keep the lights on.

Identifi never missed a beat. We remain strong financially. Our customer base and our product line continue to expand. Identifi has invested heavily and placed great emphasis on remote work with many of our new Workflow features and enhancements to our Online eSign product. If you are on an earlier version of Identifi or you’re not taking advantage of Identifi Software as a Service, please reach out to us to learn what the advantages are to use our SaaS. Our top priority is keeping our customer’s data and documents safe and accessible.

As we venture into 2021, the challenges in 2020 have only made us stronger and better positioned to build our future together. All of us at Identifi wish all of you and your families the best health, happiness and success in the New Year!

Uber, the world’s largest taxi company owns no vehicles. Facebook, the world’s most popular media company, creates no content. Airbnb, the world’s largest accommodation provider, owns no real estate. We recognize technology is changing the way we live and interact with other people, businesses and the world around us. We need to embrace change and recognize new technologies.

New products and services can be our opportunity to differentiate and outperform competitors. We at Identifi have to challenge ourselves everyday to recognize change and create new opportunities for ourselves, our customers and Identifi.

Leadership is changing too. Leadership today is about sharing. One of the ways to share is to challenge those around you. We all know the grind. Sometimes it is all consuming. Pile on to the grind, a customer, boss or coworker presents us with something we don’t agree with for whatever reason, how should we respond?

We need more than company mission statements and vision statements to help us. We need reinforcement. We need core values to guide us.

Who better to define our core values than those of us who are hands-on people we can lean on, guiding you every day to make you successful? Toward that end we asked our Leadership team to craft them. We want to thank Chris Oppenheimer, Christie Russell, Jim Bryant, Matt Ullery, Stacy Paz and Tricia Lolkus for taking on the challenge and through months of meetings of minds produced Identifi’s Core Values. These Core Values also couldn’t have been done without the help of all of Identifi. We did an exercise whereby everyone at Identifi had an opportunity to whiteboard and choose the words that best define us. Our Core Values define our business and the people who are Identifi.

Check out our new Identifi website where you can find our Core Values on our new About Us page!

Happy Holidays from Identifi

We at Identifi can "identify" with how hectic and demanding the holiday season can be. It was Billy Jean King who said "pressure is a privilege."

At the same time, we all need to take a deep collective breath, relax and enjoy our family and friends.

Here's some advice from someone who shall forever remain anonymous.

"Break the rules. Forgive quickly. Kiss slowly. Love truly, Laugh uncontrollably, and NEVER REGRET anything that makes you SMILE."

Happy Holidays from Identifi!

 Yes. The old man in the middle is wearing a sweater with a Santa sloth.

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