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.”
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:
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.
A big "Thank You!" to our Identifi customers, partners and our friends at Canon for attending this year's conference and making our conference a success!
Comments from Identifi Customer Conference Attendees
Photo Gallery - A good time was had by all!
A good time was had by all! Enjoy some Holiday cheer with the Identifi family!
Photo Gallery from the 2016 Identifi User Conference
Our team at Identifi wishes you peace, joy and prosperity throughout the coming year. Thank you for your continued support and partnership. We look forward to working with you in the years to come.
2017 has been another year of progress and growth on many fronts. Identifi is following our mission and our vision to connect what matters. Below are some of the fruits of our labor.
We’ve deployed Identifi Online eSign OLE, to allow businesses and consumers to complete their paperless business processes online, with online electronic signature software.
We have transitioned many of our customers from on-premise to our private cloud, commonly referred to Software as a Service or SaaS. All new Identifi customers in 2017 were implemented in our private cloud as SaaS.
We currently have several customers beta testing our new Identifi Work business process management product and Identifi Document 5.0 document management, ahead of schedule, and with fruition, a.k.a. success. We’re also getting great customer feedback to serve our customers better.
We are very proud of our deep commitment to help the community by our ongoing involvement in the local chapter of Coder Dojo.
On the Identifi campus, we have continued to improved infrastructure, including a new administration building and conference center, with state of the art communications. We have expanded the Identifi gym with an aerobic room. We employ a personal trainer who’s job it is to whip us into shape. No pain no gain!
There’s little doubt we are in a growth business. It’s exciting. Identifi is well-positioned to take advantage in the ECM market with a suite of products that address all of the initiatives cited by MarketsandMarkets™ and more.
Our Identifi product line includes Documents, a repository for all your content. Tracking, to stay compliant and keep your auditors happy. E-signatures, both online and desktop to close the deal, skip the paper and sign your documents electronically. E-receipts point of sale e-signatures for paperless transactions. Work, a no code business automation platform. Build apps for customer on-boarding, hiring and more.
From all of us at Identifi, we wish you and yours a safe, and peaceful holiday season and prosperous Happy New Year!
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.
“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.
"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.