Kinective acquires Nexus Software to expand global reach in banking automation

Kinective, a prominent leader in banking connectivity, document workflow, and branch automation software, announced its acquisition of Ohio-based Nexus Software, a key player in branch device management for financial institutions. This move significantly enhances Kinective’s standing in the banking software market, paving the way for further transformation in retail banking operations and boosting its potential for international market penetration.

Stephen Baker, CEO of Kinective, expressed enthusiasm about the acquisition: “We are thrilled to welcome the clients, employees, and partners of Nexus. Nexus’s reputation for customer-centric service and excellence makes it a valuable addition to our product offerings and international market strategy.” He emphasized that Nexus’s strong presence in over 100 countries and its operation across more than 400,000 branches globally are crucial for Kinective’s international expansion plans.

The acquisition is set to enhance Kinective’s product suite in branch automation, significantly expand its international footprint, and open new channels for partnerships. “With Nexus now part of our portfolio, we look forward to redefining the future of banking technology, driving innovation, and enhancing service delivery across the globe,” added Baker.

Kevin Eilerman, CEO and President of Nexus, commented on the merger: “Joining forces with Kinective marks a pivotal moment for us. We share core values focused on client success and innovation in banking technology. The cultural and operational alignment between our firms ensures a smooth transition for our staff and continuity for our clients.”

This acquisition marks a strategic expansion for Kinective, not just in terms of geographical reach but also in enhancing its technological offerings. The merger combines Kinective’s comprehensive technology ecosystem with Nexus’s specialized branch device management, setting a new standard in the integration of digital and physical banking experiences. This could redefine customer interactions at a global scale, providing Kinective a substantial edge in a competitive market.