We are incredibly proud to share this momentous news with you — SpringFour has been acquired by C&R Software, the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a subsidiary of Constellation Software, the 23rd largest software company in the world with an $80B market cap!

This strategic acquisition will expand SpringFour’s reach, positioning the company for growth by leveraging the C&R Software network to forge partnerships with even more organizations across the country and globe, providing our award-winning financial health solutions near and far.

SpringFour will continue to operate as a standalone brand. I will remain as CEO and the SpringFour team will join me. With C&R, we will have access to operational support, an extensive network, and the opportunity to scale and bring SpringFour to many more organizations through C&R’s robust portfolio of clients including new verticals such as utilities, telecom, government, and more.

What this news signifies most of all is this: financial health is here to stay. 

Together, we have changed perspectives, industries, and millions of lives — and now, the sky’s the limit.

Thanks to Constellation Software’s buy and hold philosophy to investing, the products we’ve built and the resources we’ve vetted and curated will continue to help people and organizations far beyond what any of us could’ve imagined when this company was first founded. When we launched in 2005, financial health wasn’t even a known term. Today, we have led the way in making it a mainstay. 

This new chapter signifies an industry-defining moment, demonstrating that supporting consumer financial health is a competitive differentiator and sound business decision that results in win-wins. 

We are proud of SpringFour’s success and growth that led us to this moment — and we can’t wait to get started on making an even greater impact on the industry and consumers’ financial well-being.

Thank you to the incredible team at Constellation Software, Jonas Software, CORA Group, and C&R Software who have provided a welcome transition during this acquisition. We are so proud to be part of your innovative, industry-leading company. Thank you to the Waller Helms Advisors team for your support on this transaction. And most importantly, thank you to the amazing team at SpringFour, who pour their expertise and passion into making our services world-class, and are the reason this achievement is possible. 

Thank you, as always, for your support and partnership,

Rochelle Nawrocki Gorey

CEO & Founder, SpringFour

Acquisition unites major software and solutions provider with leading financial health fintech.

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 health 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.”

About SpringFour

Founded in 2005, SpringFour is the first-of-its-kind, leading financial health fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources. Trusted by leading organizations including Capital One, BMO, M&T Bank, Fifth Third, OppFi, KeyBank, Avant, Enova, Oportun, Mission Lane, and more, SpringFour’s product suite includes an innovative contact center tool, digital self-service products, and APIs that increase payment performance, add brand value, strengthen customer relationships, drive ESG and social impact, support consumer financial health, and improve bottom lines. SpringFour has received many prestigious awards including American Banker’s Most Influential Women in Fintech, Inc. Magazine’s Female Founders 250, Real Leaders’ Top Impact Companies, Fast Company’s Brands that Matter, Finovate’s Innovator of the Year, and more.

About C&R Software

C&R Software is a global leader in debt collection and recovery solutions, serving clients in more than 60 countries and managing over 650 different types of financial commitments. With a focus on innovation and customer success, C&R Software offers a comprehensive suite of products designed to support financial institutions, municipalities, and businesses in managing their debt portfolios efficiently and effectively.

About CORA Group

CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and foodservice have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. As a subsidiary of Constellation Software Inc. (TSX: CSU), one of the world’s largest owners and acquirers of vertical market software companies, we’re dedicated to empowering our customers to achieve their goals with our innovative solutions.