Identifi, a Safety Harbor Florida based independent provider of Enterprise Content Management and Workflow software for Banks and Credit Unions, completed a strategic growth equity recapitalization with Arcadea Group.
The amount of the deal was not disclosed.
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.
Originally founded in 1988 as Integra Business Systems, Identifi has grown into a market-lead around process automation for Financial Institutions. Its 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.
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