As we reflect on 2023, we are grateful for the continued trust that you place in us. When the world around us is changing at a rapid pace, at Identifi, one thing will always remain the same, that is our commitment to provide unparalleled excellence in customer service.
We realize technology has moved to the cloud, Google, Amazon and Microsoft applications (Apps) dominate our personal and professional lives. We no longer require a personal computer, although many of us, myself included, cling to a PC, for dear life.
Anticipating the move to the cloud as early as 2016, we began rewriting our software “code” to be cloud friendly. We did it without any outside investors. We did it with your investment in Identifi. We did it for all of us.
Today we are “cloud ready.” We want you to be too. At the same time we don’t want to leave anyone behind. That is saying a lot. We have a long history with many of you, a history that has spanned over 35 years.
We are building Identifi for the future. We are building that future for you, and for us, now over 50 people strong. Let’s continue this journey. Let’s do it together. We all know hurdling forward into 2024, the future is now.
Have a relaxing and fun-filled Holiday!
When there was an argument, which was frequent in a family of six siblings, my father used to say, “Which leg do I stand on.” I’ve always felt that was a great question because it would give me pause to think. When there is disagreement which is often, if you care how you live your life, the choices you make affect everyone around you. You can label the results of those choices anyway you want. I label them experience.
Experience has taught me, it’s all about the people around you, whether at home or at work. Interdependency is key. To obtain an understanding amongst those who you live and work with is paramount. Not easy! The path to success is the ability to agree to disagree and change course quickly when necessary. As a result, we always take a stand with both feet firmly planted, always pointed and moving in the best direction. Thanks Dad!
Mom and Dad owned a small business when home office in the back bedroom wasn’t a thing, it was a reality. He would work late. Not late by today’s definition, late until way past midnight. He wouldn’t miss dinner or coaching Little League, he’d miss Late Night with Jack Paar. I too, started my business in a back bedroom of our home. When I hear the expression “bootstrapped” I have to smile. I’ve never thought of Dad, myself or my business as bootstrapped. As the founder of Integra Business Systems d.b.a. Identifi in 1988, I’ve never worn boots other than to hike. I’m a Floridian sandals kinda guy. I’ve never felt strapped to anyone or anything.
I’ve only a few basic tenets. Those basic tenets are, take care of your own, your employees, your customers and they will take care of you.
I’m generally a man of few words and let the results speak for themselves. One of our core values is "Thoughtful Innovation. We embrace balanced innovation to advance our existing customers as well as new opportunities.” Towards that end, after 34+ years in the making, on October 3rd, 2022 Identifi took on a strategic partner, Arcadea Group. Essentially nothing has changed, yet after taking that step, everything is moving forward. We have retained all of our employees, although one employee retired. Our customers are continuing to receive great products and services. Arcadea Group has given us the capability to invest more in our people, in you, our customers and in our Identifi ECM product suite.
I would be remiss if I didn't say 2022 was a tumultuous year in many respects. As a people, we have dealt with war, hurricanes and now bomb cyclones! We will continue to deal with challenges and better them. I believe many of us, who have been more fortunate will find ways and means to give back to those less fortunate. I speak for Identifi’s 45 employees, soon to be 48 and our new partner Arcadea Group when I say, I feel only pride in what we have accomplished and tremendous gratitude for each and every one of you in my life, family, friends and in business.
I want to wish you a Happy New Year! Umm, 2023 we're not waiting for you. Catch up if you can!
Alan Wiessner, President and CEO, Identifi
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
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!
