NADAVON CAPITAL PARTNERS ACQUIRES ACCUME
Partnership strengthens Accume's market position
and supports strategic growth
New York, NY, December 10, 2014 - Nadavon Capital
Partners (Nadavon), a specialty investment holding company with
deep expertise in building and growing banking and financial
service providers, today announced the acquisition of Accume
Partners (Accume), a leading provider of internal audit, regulatory
compliance, technology and risk management services focused on
banking and financial industries. Accume is recognized for
being the largest independent provider of such services in the
Northeast and Mid-Atlantic regions, and its new affiliation and
partnership with Nadavon sets the foundation for its continued
growth and innovation in serving the ever changing regulatory and
risk mitigation needs of its clients.
Members of Accume's executive team will invest alongside
Nadavon and no changes in management are anticipated.
Nadavon, whose principal investor is Romir Bosu, founded and grew
Compushare into a national financial technology provider serving
the needs of hundreds of community financial institutions.
Financial terms of the transaction were not disclosed.
Accume's Chief Executive Officer, Mark Lindig, said, "We
are thrilled to be teaming with Nadavon, Mr. Bosu and his
partners. Their experience in serving the needs of our
clients, and track record for innovation in meeting those needs,
will be a powerful enhancement to our strategic direction and focus
on the financial market." Lindig added, "Our clients are
committed to meeting the audit, compliance and risk management
demands of today and the future. This combination enables
Accume to continue exceeding those demands by providing innovative
solutions over time."
Romir Bosu said, "Nadavon is excited to invest and partner
with a firm of Accume's unique and distinguished credentials.
As a former client, I can attest to their professionalism, quality
of work, and competitiveness in the marketplace. Their
leadership and team of professionals are amongst the most
experienced in the industry and their focus on banking and
financial services is an industry I have contributed to for almost
20 years. I am looking forward to working with Mark and
Accume's leadership team to innovate and explore new ways of
meeting the evolving needs of their clients."
For a copy of this press release,