WARMINSTER, PA., September 4, 2024 – C&R Software (“C&R”), the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solutions to customers worldwide.
SpringFour will operate as a standalone brand, with Rochelle Nawrocki Gorey remaining as the CEO. This strategic acquisition will expand SpringFour’s reach, and position C&R Software to further support its clients in providing critical financial resources and services that benefit both companies and their customers.
"We are excited to welcome SpringFour into the C&R family," said Ed Wallen, C&R Software CEO. "SpringFour's innovative approach to financial health complements our existing solutions and supports our goal of providing robust, comprehensive software services to our clients. The addition of SpringFour’s expertise and resources will enhance our ability to deliver valuable financial health solutions to a broader audience. We are committed to supporting SpringFour’s growth and ensuring a smooth integration process."
"Joining C&R is a significant milestone for SpringFour and financial health,” said Rochelle Nawrocki Gorey, SpringFour Founder & CEO. “We look forward to leveraging C&R's extensive network and resources to continue our mission of improving financial health for individuals and families. With this acquisition which expands our reach, it is clear that financial health is a mainstay for this industry. We have seen that when customers do well, their organizations do well. Together with C&R Software, we look forward to making an even greater impact on the industry and customers' financial well-being.”
Alain Nono, Director at Waller Helms Advisors, who advised SpringFour on the transaction, said, "It has been a privilege to support SpringFour through this industry-defining transaction. C&R Software's acquisition of SpringFour marks a significant step forward in the financial health sector, and I am confident that SpringFour’s innovative solutions will thrive under C&R’s network and resources. This partnership will undoubtedly enhance the impact SpringFour has on improving financial well-being for individuals and families across the nation."
Waller Helms Advisors acted as exclusive financial advisor to SpringFour in connection with this transaction.