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Nordic Capital acquires Zafin, a leading provider of SaaS Core Modernization and Transformation solutions

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Investment made in partnership with Zafin’s founders and management, with the intention to accelerate the Company’s growth and product / platform roadmap                        As a leading technology investor, Nordic Capital will leverage its expertise, experience and resources to further support Zafin’s commitment to simplify bank core modernization and create tangible business results for banks globally

VANCOUVER, Canada, Feb. 12, 2024 /PRNewswire/ — Nordic Capital has signed an agreement to acquire a majority share in Zafin, a leading provider of SaaS core modernization and transformation solutions for financial institutions around the world. The investment is made in close partnership with Zafin’s founders and management, who will reinvest in the company alongside Nordic Capital.

Zafin is recognized as an industry leader for its innovative approach to bank core modernization. Zafin’s core SaaS platform extracts product and pricing from multiple core systems, enabling users to work collaboratively to design and manage relationship pricing, products, and packages, including personalized propositions. The platform allows banks to dynamically respond to changing customer and market needs across their entire bank core system footprint, all while ensuring regulatory compliance, transparency, and operational control. As a result of these benefits, such as faster time to market, increased revenue opportunities, lower operating costs, and reduced operational risks, Zafin is recognized as a preferred partner for banks globally. Zafin is a global organization serving a diverse base of customers including Wells Fargo, US Bank, HSBC, Truist, ING, CIBC, PNC, and ANZ.

Al Karim Somji, CEO, Zafin, said: “This partnership is an absolute game-changer for the Zafin team and our customers. We have been powering the modernization and transformation of banks and future-proofing their banking technology investments for years. With Nordic Capital’s scale, technology expertise, and deep market understanding, this partnership enables us to become a global leader in banking technology solutions.”

Mohit Agnihotri, Partner Nordic Capital Advisors, said: “Nordic Capital has been a keen observer of bank IT modernization efforts and has been highly impressed with Zafin’s innovative approach to helping its customers react to a constantly changing business landscape. The Company’s exceptional track record of success and resoundingly positive customer feedback are a testament to the entire Zafin team and product they have built. We firmly believe that Zafin will emerge as a gold standard in bank IT modernization efforts. Nordic Capital looks forward to partnering with Zafin management on the next phase of the company’s growth, including leveraging our seasoned inhouse operational team, deep expertise and expansive relationships in the sector.”

Nordic Capital has over 30 years of experience accelerating the growth of innovative technology companies. As a leading specialized technology investor globally, Nordic Capital has to date made 29 technology investments with an aggregate enterprise value of close to EUR 24 bn.

The terms of the transaction were not disclosed. Completion of the transaction is expected during Q1 2024 and is subject to customary closing conditions.

Goldman Sachs & Co. LLC served as exclusive financial advisor to Zafin and Fasken Martineau DuMoulin LLP served as legal counsel to Zafin.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

Zafin
Uproar PR for Zafin
Matt Greenfield
mgreenfield@uproarpr.com

Bhavna Wadhwa
SVP, Global Marketing, Zafin
Tel: +1 289 962 0491
e-mail: bhavna.wadhwa@zafin.com

About Zafin

Founded in 2002, Zafin offers a SaaS product and pricing platform that simplifies core modernization for top banks worldwide. Its platform enables business users to work collaboratively to design and manage pricing, products, and packages, while technologists streamline core banking systems. With Zafin, banks accelerate time to market for new products and offers while lowering the cost of change and achieving tangible business and risk outcomes. The Zafin platform increases business agility while enabling personalized pricing and dynamic responses to evolving customer and market needs. Zafin is headquartered in Vancouver, Canada, with offices and customers around the globe, including ING, CIBC, HSBC, Wells Fargo, US Bank, Truist, PNC, and ANZ. For further information about Zafin, please visit www.zafin.com.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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CommonWealth Purchasing Group Welcomes Sequence Health to Vendor Portfolio

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CommonWealth Purchasing Group (CPG), the nation’s leading group purchasing organization for community health centers and nonprofit healthcare providers, is proud to announce the addition of Sequence Health to its esteemed vendor portfolio. This partnership will empower CPG members with cutting-edge solutions designed to enhance patient engagement, streamline healthcare operations, and improve outcomes.

BOSTON, Jan. 13, 2025 /PRNewswire-PRWeb/ — CommonWealth Purchasing Group (CPG), the nation’s leading group purchasing organization for community health centers and nonprofit healthcare providers, is proud to announce the addition of Sequence Health to its esteemed vendor portfolio. This partnership will empower CPG members with cutting-edge solutions designed to enhance patient engagement, streamline healthcare operations, and improve outcomes.

Rich Napolitano, Executive Director & Senior Vice President “The addition of Sequence Health to our portfolio represents a significant step forward in helping our members improve operational efficiency and patient care delivery.”

Sequence Health brings over 22 years of dedicated healthcare expertise, offering full-service medical contact center solutions tailored to the unique needs of Federally Qualified Health Centers (FQHCs), Rural Health Clinics (RHCs), and Community Health Centers. Their services include managing inbound and outbound calls, appointment scheduling, reminders, and clinical triage, ensuring seamless support for patients. With experience spanning diverse healthcare verticals such as behavioral health, housing, dental, vision, and primary care, Sequence Health is equipped to optimize processes and improve outcomes for any patient population. They deliver personalized care and operational excellence that empowers healthcare providers to focus on what matters most: delivering exceptional care.

“At CommonWealth Purchasing Group, our mission is to provide our members with access to best-in-class resources that enhance their ability to serve their communities,” said. Rich Napolitano, Executive Director & Senior Vice President “The addition of Sequence Health to our portfolio represents a significant step forward in helping our members improve operational efficiency and patient care delivery.”

This collaboration will enable CPG members to:

Optimize Patient Outreach: Connect with patients through professional, compassionate, and patient-centered communication, ensuring every interaction supports their healthcare journey.

Streamline Operations: Enhance efficiency with comprehensive solutions for inbound and outbound calls, appointment scheduling, reminders, and clinical triage tailored to the needs of healthcare organizations.Improve Patient Outcomes: Deliver personalized and effective care by leveraging data-driven insights and contact center expertise to meet the unique needs of diverse patient populations.

“We are thrilled to partner with CommonWealth Purchasing Group and bring our 100% healthcare contact center solutions to their extensive network of providers,” said Jim Yamshak, Chief Growth Officer at Sequence Health. “This collaboration reflects our shared commitment to improving patient access, increasing patient satisfaction, and helping deliver exceptional care to communities across the country. We are very excited to help CPG members streamline operations and ensure that each patient interaction is compassionate and helps patients get to the right next step.”

As part of its commitment to innovation, CPG continually seeks out partnerships that bring unparalleled value to its network of over 800 members across 50 states. The inclusion of Sequence Health further solidifies CPG’s position as a trusted partner in advancing healthcare excellence.

For more information about this partnership or to explore the full range of benefits available through CommonWealth Purchasing Group, visit SaveWithCPG.com

Media Contact
Emma Harvey, CommonWealth Purchasing Group, 1 6177979474, eharvey@cwpurchasing.com, CommonWealth Purchasing Group

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SOURCE CommonWealth Purchasing Group

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From Concept to Reality: March Networks Showcases Voice-Activated AI Smart Search Tool at Intersec Dubai

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Refined Through Real-World Testing, AI Smart Search Simplifies Video Retrieval with Voice and Text Commands for Faster, Smarter Insights.

DUBAI, UAE, Jan. 14, 2025 /PRNewswire/ — March Networks®, a global leader in cloud-based intelligent video surveillance, is showcasing its revolutionary generative AI Smart Search tool at Intersec Dubai 2025. This innovative feature is designed to transform how businesses interact with and leverage video data, making it faster and easier than ever to find critical information. Following its introduction at the Global Security Exchange Conference (GSX) in September 2024, March Networks has collaborated with a leading multi-location restaurant chain in the USA to refine and optimize the tool.

AI Smart Search harnesses generative AI’s power to significantly enhance video data retrieval’s speed and precision. Using text or voice prompts like, “Show me long queues,” users can quickly search for specific objects, issues or individuals with unparalleled efficiency and situational awareness. This innovative feature is particularly suited for retail, restaurants, banking, and transportation industries where quick access to actionable insights is critical.

“AI Smart Search represents a significant step forward in intelligent video analytics,” said Peter Strom, CEO of March Networks. “Through real-world testing and ongoing refinement, we’ve enhanced its ability to deliver faster insights and operational efficiencies. We’re excited to demonstrate its capabilities at Intersec Dubai, reaffirming our dedication to driving innovation in business intelligence solutions.”

Key Features:

Greater Speed and Accuracy: With unmatched precision, you can quickly locate specific events, objects, or individuals in video footage using a voice command or text prompt.Object and Attribute Detection: Search for specific objects, colors, or patterns to streamline investigations.Image Upload and Match: Upload an image, like a logo, to find where it appears in video footage—for example, track rebranding compliance with a query like, “Show me everywhere you see this logo.”Seamless Integration: Designed to work seamlessly with existing March Networks video solutions, ensuring a smooth customer transition.User-Friendly Web Interface: Accessible directly through a web browser, AI Smart Search is intuitive and easy to use, requiring minimal technical expertise. Predefined search templates streamline the process, helping users quickly identify related issues and maximize the tool’s capabilities.

Whether you’re a large enterprise or a small business with limited technical resources, the platform enables users of all skill levels to quickly extract valuable insights from video data.

How It Works:

Search for key security and operational issues and opportunities across all locations or select the ones you want to focus on, with filters for date and time, using simple text or voice commands.

Security and Compliance: Look for instances where cash has been left unattended and filter by date, asking, “Show me unattended opened cash registers,” or “Show me money left on tables and desks.”Safety and Risk Management: Track slip and fall prevention by asking, “Show me wet floors,” or “Show me wet floor signs.”Marketing and Customer Experience: Discover opportunities to improve the customer experience in your business and filter by timeframes by asking, “Show me long queues,” or “Show me empty tables.”Stock and Inventory Management: Oversee stock levels and delivery management by asking, “Show me empty shelves,” or “Show me open loading dock doors.”Theft Prevention: Monitor suspicious activity after hours with commands such as, “Show me the parking lot.”Operational Efficiency: Ensure cameras are functioning properly and capturing clear video by using commands like, “Show me blurry images.”

Intersec Dubai attendees can experience AI Smart Search in action through live demonstrations at stand SA-C23. The March Networks team will be on hand to discuss how this refined technology can address specific challenges across industries, from security and risk management to customer experience and operational efficiency. This showcase marks an exciting milestone in AI Smart Search’s journey, with further enhancements and innovations on the horizon as March Networks continues to redefine the future of intelligent video analytics.

For more information about March Networks, visit marchnetworks.com

To speak to someone about our intelligent video solutions or book a demo, please contact us.

About March Networks

March Networks® is leading the future of intelligent video, transforming enterprise video into actionable business intelligence. Globally recognized for our deep expertise in video security and data analytics, we empower organizations to enhance operational efficiency, security, and profitability. Our cloud-based, intelligent video technologies extend beyond traditional surveillance, integrating AI analytics and advanced integrations like POS systems, IoT devices, and ATMs to drive business growth and improve customer experiences. With over two decades of experience, March Networks is a trusted partner to over 1,000 financial institutions, more than 300 retailers, and over 800 commercial and industrial brands. We are committed to guiding our clients intelligently and cost-effectively through their transition to cloud-based enterprise video. Our extensive network of over 800 certified partners ensures adaptability to a myriad of business needs, integrating with a wide range of third-party cameras and systems. With global reach, local support, and a dedication to customer service, we ensure seamless operation, maintenance, and optimization of systems for customers in over 70 countries. Headquartered in Ottawa, Ontario, Canada, and owned by Delta, a global leader in power and thermal management solutions, March Networks stands as a trusted partner and innovative leader in the intelligent video sector. For more information, please visit marchnetworks.com

March Networks and the March Networks logo are trademarks of March Networks Corporation.

To keep up with March Networks news and updates, subscribe to our Intelligent IP Video Blog and stay connected by following March Networks on LinkedIn.

MEDIA CONTACT: Jacqueline Ondaye, Communications Manager, March Networks, jondaye@marchnetworks.com

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WaterField’s New Compact Shield Case Safeguards Mac mini During Transport

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San Francisco-based WaterField Designs introduces the compact and protective Shield Case for Mac mini, a custom-fit Mac mini case to safely transport Apple’s mighty M4 mini desktop computer from home to work or off-site jobs. The elegant case features extensive protection through multi-layer padding, waterproof zippers, and dedicated pockets for accessories.

SAN FRANCISCO, Jan. 14, 2025 /PRNewswire-PRWeb/ — WaterField Designs, a San Francisco designer and manufacturer of bespoke laptop sleeves, bags, and device-specific cases, unveils the Shield Case for Mac mini — designed for creatives, developers, and other professionals who transport Apple’s smallest-ever desktop computer between worksites. Crafted from either waxed canvas or ballistic nylon with premium full-grain leather, the slim yet robust Mac mini case features multi-layer padding and strategic pockets for accessories.

The Shield Case for Mac mini keeps Apple’s highly portable workhorse computer and cords secure in transit.

PRODUCT VIDEO: Tour the Shield Case for Mac mini features and design.

“We designed the Shield Case for professionals who take advantage of the portability of Apple’s most compact desktop computer yet,” explained company owner Gary Waterfield. “Whether you’re using your workhorse Apple computer to mix live audio or handling intensive tasks like video editing, 3D modeling, or software development, the WaterField Mac mini Shield Case features multi-layer padding and strategic pockets for accessories.

The new Shield Case for Mac mini integrates water-resistant durable waxed canvas or nearly indestructible ballistic nylon with full-grain leather for a professional aesthetic. Firm, closed-cell foam and plush lining surround all four sides and absorb shock to safeguard the Mac mini. A plush interior pocket holds the Mac mini power cord, and a small, zippered compartment on the lid stores extra cords, SD cards, or other small items including an AirTag in a dedicated hidden pocket.

Features:

Purpose-built, the Shield Case protects the Mac mini and basic accessories in transit.Firm, closed-cell foam on all sides distributes external forces and resists compression.All-around scratch-free fleece lining adds an extra layer of protection.A plush interior pocket fits the Mac mini power cord.A waterproof YKK zipper opens around three sides with dual, custom zipper pulls that can be locked together (lock not included).A cushioned zipper guard establishes a protective buffer between the zipper and the Mac mini.A padded, zippered front pocket secures small cords, SD cards, or other small items and includes a designated AirTag pocket.A rear mesh pocket accommodates additional peripherals.A top nylon loop enables a quick grab or attaches the case to another bag via a carabiner.Rugged ballistic nylon or waxed canvas forms the shell of the case and a front panel in premium, full-grain leather adds a professional touch.

The custom-fitted Shield Case for Mac mini protects the compact Apple computer alone or inside a briefcase, messenger bag, or backpack. Whether the new Mac mini is used for power-editing video or coding, or even as an entertainment center at home and on trips, the Shield Case safeguards Apple’s portable power tool for professionals on their creative journey. Since its inception, WaterField Designs has handcrafted custom cases for Apple products and other companies’ popular gadgets.

Availability and Pricing
Shield Case for Mac mini
Price: $99.
Colors and materials: Brown waxed canvas with distressed, chocolate, full-grain leather; or Black ballistic nylon with black, full-grain leather. Firm, closed-cell foam. Fleece padding. YKK waterproof zippers. Distinctive metal zipper pulls. Nylon loop.
Dimensions: 5.75 x 5.75 x 2.75 inches; Weight: ballistic nylon — 7.2 oz., waxed canvas — 8.8 oz.
Pre-order now. Shipping begins January 21, 2025.

About WaterField Designs
WaterField Designs is an innovative San Francisco designer and manufacturer of bags and cases for tech-savvy consumers who want to transport their technology stylishly and responsibly. WaterField manufactures custom-fitted, high-quality cases and bags for a full range of laptop computers, smartphones, tablets, gaming devices, and other digital gear. All products are manufactured to exacting standards entirely in San Francisco. More information at “Our Story.”

WaterField Designs, SFBags, and Shield Case for Mac mini are trademarks of WaterField Designs.
Other company and product names may be trademarks of their respective owners. Copyright ©2025. All Rights Reserved. 

Media Contact

Heidi May Waterfield, Waterfield Designs, 4152970088, heidi@sfbags.com, https://www.sfbags.com/

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