Miami-based Nymbus buys credit union service provider

Nymbus, a Miami-based financial technology company, announced Tuesday that the company acquired KMR, a provider of software services and products to credit unions.

Kai Ravnborg, formerly president of KMR, joins the Nymbus leadership team, which includes Nymbus CEO Alex Lopatine. Terms of the transaction were not released.

The acquisition marks the second in as many weeks for Nymbus; this month it also purchased R.C. Olmstead, which serviced credit unions in the Midwest. Nymbus, a two-year-old company now with 150 employees, provides core processing software for mission-critical functions banks and credit unions need to service their members and grow their businesses.