Capstone Strategic, Inc. (Capstone) was recently retained by Janusea and Pure IT Credit Union Services to advise on the acquisition of select assets from KIVA Group.
VIENNA, Va., Sept. 26, 2022 /PRNewswire-PRWeb/ -- Capstone Strategic, Inc. (Capstone) was recently retained by Janusea and Pure IT Credit Union Services to advise on the acquisition of select assets from KIVA Group. Capstone's team delivered targeted support during due diligence and integration planning while providing deal structuring expertise.
As a result of this transaction, Pure IT, a Houston-based credit union service organization (CUSO), helped launch Janusea, a fintech company creating a new cloud-based integration platform. Janusea's application program interface (API) allows credit unions to connect easily with an ever-growing population of fintechs. In order to create this new technology solution, Janusea needed to access certain assets of the KIVA Group, headquartered in San Antonio.
"Given Capstone's acquisition focus and proven track record helping CUSOs complete transactions with privately held companies, we knew their team would help us anticipate the unknown and find solutions as we encountered hurdles. They listened and helped guide all the parties involved through the due diligence journey while navigating us over the goal line," Kyle Stutzman, CEO of Janusea and Pure IT Co-Founder.
"Capstone was pleased to be part of this process. During the final phase of this transaction, our team was able to leverage knowledge derived from a couple of decades bringing CUSOs and private companies together," said Capstone Partner John Dearing. "We've had a great business relationship with Pure IT for many years and have enjoyed being part of their ongoing growth story. We expect our future industry relationships to be even stronger as a result of the market impact."
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is the leader in mergers and acquisitions for credit union service organizations (CUSOs). The firm has helped numerous credit unions and CUSO leaders develop, evaluate, and implement initiatives for growth. Established in 1995 by CEO David Braun, Capstone specializes in strategic not-for-sale acquisitions and corporate growth strategies and has facilitated over $1 billion in transactions in more than 100 industries. For additional information go to the Capstone website at https://www.capstonestrategic.com or call 703-854-1910.
About Pure IT
Pure IT Credit Union Services is a Credit Union Services Organization formed by industry leaders and enterprise leaders who sought to bring their expertise in many other industries to bear specifically to help the Credit Union Industry. Pure IT provides consulting and professional services to Assess, Remediate, Architect, Deploy, and Manage infrastructure services for Credit Unions. Pure IT partners with large and small credit union leaders all over the U.S., helping with their technology and cloud strategy and then serving as an extension of their IT departments to help them achieve their strategic goals.
Janusea, a leading fintech company focused on integrations, offers a new API Cloud Platform to connect financial institutions' legacy cores with today's growing population of fintechs. Janusea's integration platform works by providing a standard message set developed with the community financial institution industry that enables one message set to be translated to legacy messaging. Janusea provides the integration platform and integration team for credit unions, banks, and fintechs to connect their systems and worlds.
Brent Holliday, Capstone Strategic Inc., 703-854-1910, [email protected]
SOURCE Capstone Strategic Inc.