Embrace Software Inc.(“Embrace”), the leading acquirer of world-class software solutions, proudly announces its acquisition of CSPI, a trusted provider of digital banking solutions for financial institutions. CSPI will join Embrace’s Financial Group, further strengthening Embrace’s commitment to supporting banks and credit unions with secure, modern, and scalable technology.
Founded more than three decades ago, CSPI has paired a relentless commitment to client success with a strong reputation for delivering comprehensive digital banking solutions, including but not limited to core solutions, online and mobile banking, voice banking, document management, and image processing.
The acquisition is consistent with Embrace’s long-term approach of acquiring and growing vertical market software businesses that serve niche market segments.
Embrace’s Financial Group focuses on acquiring and building software companies that serve banks, credit unions, insurance providers, as well as institutions with essential financial workflows. CSPI’s solutions expand the group’s capabilities in digital engagement, transaction processing, and secure data management.
“CSPI is a highly respected organization with deep roots in the financial services ecosystem and a clear focus on long-term customer success. We are excited to welcome CSPI into the Embrace family.. With a focus on product innovation, we look forward to working closely with the CSPI team to add tangible benefits to our customers.” said Mohan Plakkot, CEO of Embrace Software Inc. ”
As part of the transaction, Kurt L., formerly COO of CSPI, has been appointed President, ensuring continuity of leadership and vision as the company enters its next chapter under Embrace ownership.
“This gives us momentum,” said Kurt L., President of CSPI. “We can stay fully focused on building, improving, and delivering while moving faster on the things that matter most to our customers. Our roadmap is ambitious, and with Embrace behind us, we’re in a strong position to execute.”
CSPI will continue to operate as an independent company within Embrace, maintaining its brand, team, and customer relationships, while benefiting from Embrace’s Technology Group, Shared Business Services, and operational expertise.
About CSPI
CSPI is a provider of digital banking and financial technology solutions serving community banks and credit unions. Its offerings include core solutions, online and mobile banking, voice banking, document management, and image processing, designed to help financial institutions deliver secure, modern, and efficient customer experiences.
About Embrace Software Inc.
Embrace acquires and invests in world-class software businesses that provide industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.
