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CFM and NXTsoft Announce Strategic Combination

TEMPE, Ariz. & BIRMINGHAM, Ala.--(BUSINESS WIRE)--OceanSound Partners, a growth-oriented private equity firm, today announced that its portfolio company, CFM, has merged with NXTsoft. The combination creates the leading provider of API connectivity, workflow automation, and data analytics software for financial institutions. Simultaneously, NXTsoft completed its previously announced separation from ThreatAdvice, a cybersecurity solutions business. Terms of the transaction were not disclosed.