Arcadea Group, a permanent-capital growth equity investor in software companies, has made a strategic growth equity recapitalization in Identifi, an independent provider of enterprise content management and workflow software.
Based in Safety Harbor, Fla., Identifi is focused on efficiency, visibility, accuracy and customer engagement and addresses loan cycles, audits, new account openings, integration with core banking, credit card processes, vendor management, and other services. This investment is Arcadea’s third in the financial services sector in 2022. Alan Wiessner, Identifi’s founder and CEO, will continue his role and maintain a significant equity interest in the company.
“The business represents the sort of growth, mission-criticality, capital efficiency and market position we look for in all of our investments and are excited to work together to achieve great outcomes for our banking and financial services customers,” comments Paul Yancich, managing director and co-founder of Arcadea Group.