Gemspring Capital Acquires Cforia Software

CORA Group Acquires Finastra’s U.S. Mid-Market Phoenix Core Banking and Digital Banking Software Business

June 3, 2026

Software

CORA Group (portfolio of Jonas Software within Constellation Software) acquired Finastra’s U.S. mid-market banking business, including the Phoenix core banking system and related digital banking and analytics solutions. The acquired suite includes MalauzAi Digital Banking, Analyzer IQ, and Enterprise Content Management (ECM), which serve community banks and credit unions across the United States.

C&R Software Acquires SpringFour

September 6, 2024

Financial Services

C&R Software, part of the CORA Group, has acquired SpringFour, a pioneering financial-health fintech, to bolster its collections, recovery and financial health capabilities. SpringFour will continue to operate as a standalone brand under CEO Rochelle Nawrocki Gorey, and the acquisition is intended to expand SpringFour's reach and enhance C&R's product offering for clients worldwide.

HighRadius Acquires Cforia Software

February 11, 2024

Cloud & SaaS

HighRadius acquired Cforia Software, a billing and collections automation provider, closing the transaction on February 2, 2024. The acquisition expands HighRadius's Autonomous Finance platform capabilities and brings Cforia's 100+ customers and order-to-cash automation functionality into HighRadius's cloud-based offering.

Grand Valley Holdings and Gemspring Capital Acquire OCI

September 27, 2023

Manufacturing

Grand Valley Holdings and an affiliate of Gemspring Capital Management have acquired OCI, LLC, a Brookville, Pennsylvania-based manufacturer of custom foundation drilling components serving infrastructure and construction/geotechnical contractors. Gemspring's investment was made through Gemspring Growth Solutions I as a flexible, non-control capital partner; financial terms were not disclosed. The company, founded in 1998, has more than 70 employees and the buyers plan to expand OCI's footprint and service offerings.

Gemspring Capital Acquires ClearCompany

September 20, 2023

Cloud & SaaS

Gemspring Capital Management (through an affiliate) has acquired a majority interest in ClearCompany Holdings, Inc., a provider of talent management / human capital management (HCM) software. Financial terms were not disclosed; Gemspring said it will partner with ClearCompany's management to expand the customer base, enhance product offerings, and accelerate growth.

Gemspring Capital Acquires GoldenSource

May 17, 2022

Data & Analytics

Gemspring Capital (through an affiliate) has acquired GoldenSource Corp., a New York City–headquartered provider of enterprise and master data management software and related cloud hosting/managed services for financial services firms. GoldenSource, founded in 1984 with about 380 employees, will partner with Gemspring to accelerate product innovation, organic growth, and pursue strategic acquisitions to address rising demand from banks, asset managers, and capital markets firms.