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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!

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.

In the picture, you should be able to pick Billy out. He's the Florida tourist who packed shorts for an October trip.

Identifi enjoys the company and considerable banter from our  four Veterans.  Billy Hartman, Marines E5,  Chris Baston, Air Force E-5, Frank Marcario, Army E6 and Tom Pioli, Navy Chief Petty Officer . They are always trying to best one another, Army Navy, Air Force or Marines!

In Billy's own words. While I was in DC for a running event, my wife and I decided to take a walk through Arlington National Cemetery.  I watched the changing of the guard at the Tomb of the Unknown Soldier, looked at the names and dates on various headstones, visited a special hero from our area, and watched people throw their coins on the JFK burial site while staring at the Eternal Flame.  At each of the locations I visited, I noticed handfuls of older veterans. 

It wasn't until the Marine Corps War Memorial that I realized that something special was happening, but I wasn't sure what it was.  The veterans were all being wheeled up to the memorial and I was approached by one of the people lining these men and women up.  She asked if I would mind taking some pictures of her and her friends. 

I always want to help out where I can, especially for a group of veterans.  I must have taken a few dozen pictures. I was having fun and they seemed to be OK with me taking lots of pictures too.  While I was taking their pictures, everyone that was not part of the group was pushed back behind a barrier and my wife snapped the picture of me taking pictures of the group.  When I realized another 2 of 3 rows had been formed behind me (in front of the steps), I gave their phones back to them and they asked to take my picture and thanked me for helping them out.  I told them it was my pleasure to help out some fellow veterans. 

At that point, I showed them my USMC t-shirt and they all lit up smiling, shaking my hand, and became much more talkative.  I snuck off to the side and found my wife.  I walked back to our hotel and talked about how cool it was to be able to help out the group of veterans.  I posted a few pictures of our day.  About an hour past when a family member told us what was happening in the picture.  These weren't just any random group of veterans. These were Honor Flight Veterans from South Florida.  I had never really heard of Honor Flights before that weekend. It is truly an honor to think that I was a very small part of their trip. 

Veterans Day is the anniversary of the signing of the armistice, which ended the World War I hostilities between the Allied nations and Germany in 1918. On this day our Veterans are thanked for their services to the United States. Thanks guys! No doubt there will be plenty of banter over why Billy is getting all the attention. Billy ran the 2018 43rd MCM Marine Corp. Marathon in Arlington, VA. Not bad for a Marine. Identifi is proud of Billy, Chris, Frank and Tom. Thank you for your service!

 

More details to follow!

 

Photo Gallery from the 2016 Identifi User Conference

Anastasia Underwood, Youth Services Supervisor (left). and Lisa Kothe, Library Director ( right), with Aaron Stine, SVP Products and Solutions, Identifi

The CoderDojo program's increased popularity required a high speed internet injection. Identifi was happy to donate the needed funds to make the transition to high speed internet at the City of Safety Harbor Public Library! They were able to get their Internet upgraded in time for last night’s CoderDojo meeting which made a huge difference to kids and parents, who were engaged and productive.

City of Safety Harbor Public Library

“We thank you and everyone at Identifi for your generous donation earmarked for increased bandwidth at the Safety Harbor Public Library. Your donation will not only ease the issues we experienced with CoderDojo, but will benefit all library patrons using our services.”  “A sincere thank you to and Identifi staff for volunteering your time and expertise to make CoderDojo a success. It makes a difference to our youngest programmers and computer scientists in our community to see you all in action. We look forward to another fun, educational session of CoderDojo in the Harbor next week!” Anastasia Underwood, Youth Services Supervisor and Lisa Kothe, Library Director, City of Safety Harbor Public Library.

Identifi

"We’re thrilled to be supporting the growth of kids in the Tampa Bay Area. Every Ninja in the Dojo will gain a better understanding of the technology that’s driving our world. And for some, CoderDojo may be an avenue to a software or engineering job in the future! We’re enjoying the ability to give back to the community that has supported us and could not be happier with our combined success!" Aaron Stine, SVP Products and Solutions, Identifi.

From Left: Billy Hartman, Product Developer, Lisa Seeney, Senior Implementation Architect, Adam Yahre, SVP Implementation and Support, Lisa Paetzold, Implementation Specialist, Tom Pioli, Implementation Engineer

Identifi's Implementation team faced a number of challenges during a recent Uplink project that required some late nights and out-of-the-box thinking. Despite myriad challenges the project came in on time and on budget. In appreciation each have been presented with an embroidered Identifi Uplink black-belt that underscores their formidable Fu.

 

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President and CEO Alan Wiessner telling some "fish" stories at Identifi's Holiday Party at the Florida Aquarium in Tampa, FL

Fun times at the The Florida Aquarium. Great food and libations were on hand while Identifi employees, spouses, friends and SO's enjoyed the exhibits. It is a 250,000-square-foot aquarium . We owned the place for the evening. From river otters to sharks, there are more than 20,000 aquatic animals and plants at the Aquarium.

 

Integra Business Systems, Inc. d.b.a. Identifi, is the developer of the iDentifi Enterprise Content Management (document imaging) software.  We offer a paperless environment to include desktop and online e-sign, e-receipt for teller, document tracking, scan, workflow, analytics and report archival in an on-premise or hosted (SaaS) environment.  Identifi is integrated with your primary business processes for easy access and elimination of duplicate work. We are cross browser and mobile ready.

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