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Kinective Strengthens Cash Automation Leadership with Acquisition of Compuflex Corporation

via Business Wire

Strategic expansion enhances market position and extends universal cash handling integration expertise across financial institutions

Kinective, the leading banking operations platform provider that simplifies the technology financial institutions need to compete, thrive and better serve their communities, today announced its acquisition of Compuflex Corporation, a provider of transformative cash automation solutions with more than 40 years of specialized expertise serving financial, retail and gaming markets.

The acquisition enhances Kinective's existing partnerships with prominent cash device manufacturers, core banking and teller software providers, while extending the company's leadership position in cash automation and device management solutions. Compuflex's proven expertise in universal cash handling integration will strengthen Kinective's market leadership position.

"Compuflex brings deep market knowledge, proven technology and top talent to our cash automation business," said Stephen Baker, CEO of Kinective. "They've built strong relationships with financial institutions and technology partners that complement Kinective's existing business well. This acquisition gives us more capacity and expertise to serve banks and credit unions that need reliable, modern cash automation solutions.”

Compuflex brings an established presence serving major financial institutions and a network of software and hardware partners, all of which will now join Kinective's existing base of more than 4,000 financial institution clients. With solutions deployed to support thousands of devices both nationally and internationally, Compuflex's over 40 years of specialized experience reinforces Kinective's position as the trusted technology partner for financial institutions seeking comprehensive cash automation expertise.

"Having led Compuflex for many years, I believe Kinective offers the right strategic and cultural fit for the company's next chapter,” said James Clements, CEO and founder of Compuflex. “Their strong operational platform, coupled with a genuine commitment to employee and customer experience, makes this the right decision for our clients and our team. I'm confident the future is bright for Compuflex under Kinective's stewardship."

The combined organization will operate from Kinective's headquarters in Gilbert, Arizona, with additional offices in Rahway, New Jersey; Denver, Colorado; Chesterland, Ohio; and Noida, India.

The acquisition furthers Kinective's strategic expansion following its recent acquisitions of ESQ Data Solutions for ATM and self-service device management solutions; Epic River for document workflow capabilities; Datava for data intelligence; and Janusea for secure digital connectivity. Together, Kinective is creating the most comprehensive technology platform in banking that modernizes experiences, connects technology and activates data across every element of banking operations.

For more information about Kinective, visit www.kinective.io. For more information about Compuflex, visit www.compuflexcorp.com.

About Kinective

Kinective is the leading provider of banking operations platforms for financial institutions. With the most comprehensive, open and connected technology ecosystem in banking, Kinective helps banks and credit unions unlock innovation and deliver better banking. The Kinective Banking Operations Platform unifies branch automation, document workflow, digital connectivity, cash device management and operational data intelligence in a single platform that streamlines operations, reduces complexity and enhances both employee and customer experiences. Kinective serves more than 4,000 banks and credit unions nationwide, giving these institutions the power to compete effectively and strengthen their position in the communities they serve. For more information about Kinective, visit www.kinective.io or connect with the company via LinkedIn.

About Compuflex

Established over 40 years ago, Compuflex Corporation is an independent, privately-owned provider of cash handling solutions specializing in cash automation and currency tracking for financial, retail and gaming markets. With extensive experience across all major cash device manufacturers and leading teller software providers, Compuflex has deployed solutions that support thousands of devices both nationally and internationally. The company is dedicated to delivering powerful, intuitive cash handling solutions backed by unparalleled customer support and technical expertise. Compuflex is based in Springfield, New Jersey.

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