Acquisition Further Solidifies Leadership Position as Real-Time Payments Processing Software Partner to Technology Savvy Financial Institutions
August 6, 2017
HOUSTON, Texas (BUSINESS WIRE) – CV Systems, LLC (“CV Systems” or the “Company”), a leading provider of automated teller machine (ATM) software, fraud detection, cybersecurity, on-line payment and transaction processing, and financial software technology solutions, today announced the acquisition of CONIX Systems, Inc. (“CONIX”).
Mike Charles, CONIX’s Founder and CEO, started his long-tenured career by providing consulting services to financial institutions. CV Systems will work with Mr. Charles to continue to expand CV Systems’ strong product offerings. All existing CONIX products will continue to be supported for its client base. All CONIX team members will become team members of CV Systems, as the Company continues to add significant talent and engineering prowess to its employee base.
“This acquisition is consistent with our growth plan of adding innovative technologies across our distribution footprint to better serve our financial clients,” says Daniel Nenadovic, CV Systems President. “CONIX has been a cutting-edge fintech software company for many years, and we are excited to incorporate their state-of-the-art solutions across our most important strategic initiatives such as real-time integrated payments, fraud detection, cybersecurity software, and item processing solutions.” Hyonwoo Shin, CV Systems Chief Executive Officer explains, “By combining the best of the legacy mainframe products with new-client/server and cloud-based solutions, we are able to deliver products across a variety of delivery channels for clients based on their specific needs.”
Mike Charles adds, “The CONIX team is delighted to be joining a forward-thinking group like CV Systems. Our risk management and real-time settlement products complement CV Systems’ product suite. CONIX’s objective has always been to provide effective and affordable solutions that help financial institutions meet the challenges of today’s payment environment. We’re confident that a nimble, fast-growing organization like CV Systems will enhance our ability to take our solutions to the next level.”
CV Systems continues to pursue complementary acquisitions as it expands its products and solutions suite for its financial institution clients.
About CV Systems
CV Systems, LLC delivers mission-critical software for financial institutions, offering on-premise, hosted and Software as a Service (SaaS) solutions. For over 40 years, CV Systems has been a leader in the financial services software industry providing automated teller machine (ATM) software, on-line transaction processing, financial settlement, fraud detection, cybersecurity and other technologies. For more information, please visit www.cvsystems.com.
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