#USA #Tampa #Laru Technologies #CapitalSoft #ebpIQ

CapitalSoft Inc. Acquires Laru Technologies

In a strategic move to bolster its ebpIQ initiative, CapitalSoft Inc. has successfully completed the acquisition of assets from Laru Technologies. Established in 2004, Laru has gained recognition as a dependable provider of advanced fraud detection and risk management solutions specifically tailored for electronic banking transactions.

The acquisition marks a significant step for CapitalSoft as it aims to integrate Laru’s innovative technologies into its existing offerings. CapitalSoft President, Vic Cizmarik, stated: "Our mission is clear—we want to provide 'Software for Life' that guarantees a strong return on our technology investments." This statement reflects the company’s long-term vision of advancing financial security through technological excellence.

Laru Technologies has a strong track record of safeguarding financial institutions against fraud during ACH (Automated Clearing House) and wire transfers. Its comprehensive Laru Solution Suite is designed to analyze transactions in real time, effectively protecting against account takeovers, malware attacks, and unauthorized fund transfers. This integration under the CapitalSoft umbrella is expected to amplify the capabilities of the ebpIQ platform and enhance user experience.

In a message directed at clients, Cizmarik reiterated that the evolution of the ebpIQ solution suite will heavily rely on user feedback. This user-centric approach aims to not only improve product features but also enhance overall service quality. Laru has previously built its reputation on exceptional customer service and adaptive solutions, which will now contribute to CapitalSoft’s broader mission.

The acquisition was facilitated by Viking Mergers & Acquisitions, a brokerage firm that specializes in small to middle-market transactions. Veteran advisors Andrew Hakkarainen, Christian Aunspaugh, and Max Roix were instrumental in ensuring that the deal progressed smoothly from inception to closing. Aunspaugh expressed enthusiasm about the acquisition, noting, "This transaction not only expands Laru’s reach but also aligns it with a strategic partner capable of scaling their innovative solutions in multiple software verticals."

Laru Technologies, now positioned within a larger strategic framework, aims to drive innovation and enhance its mission of securing electronic banking transactions. This announcement signals an exciting era for both CapitalSoft and Laru, as their combined efforts are set to significantly influence the landscape of financial software solutions.

Furthermore, the acquisition marks a notable chapter in Laru’s ongoing story, showcasing a commitment to growth through strategic partnerships. Cizmarik and the leadership teams from both companies are optimistic about the future, anticipating that the integration will provide unparalleled value in the realm of financial technology.

Looking Ahead

As the transaction concludes, both companies are preparing for the next steps in implementing joint strategies and product enhancements. With a firm commitment to innovation and customer satisfaction, they are set to redefine the standards of fraud detection and risk management in electronic banking. The fusion of Laru’s expertise with CapitalSoft’s robust platform ensures that end-users will benefit from enhanced security measures and cutting-edge technology.

As we look forward to more updates on this promising collaboration, one thing remains clear: the alliance between CapitalSoft and Laru Technologies is bound to reshape the future of financial technology solutions, reinforcing security in an increasingly digital banking environment.