Centerbridge Partners and Bridgeport Partners Complete Acquisition of Computer Services (CSI)

Centerbridge and Bridgeport to Acquire Computer Services, Inc. in $1.6 Billion Deal

November 9, 2022

IT Services

Computer Services, Inc. (CSI) shareholders approved the merger agreement under which Catalyst Merger Sub will merge with and into CSI, with CSI surviving as a wholly-owned subsidiary of Catalyst Top Parent, Inc. The transaction was expected to close in mid-November 2022 (about Nov. 15) subject to customary conditions, following the previously announced $1.6 billion go-private deal.

TA Associates Makes Strategic Growth Investment in CSI

December 1, 2023

Cloud & SaaS

TA Associates has made a strategic investment in Computer Services, Inc. (CSI), joining existing investors Centerbridge Partners and Bridgeport Partners to support CSI’s growth and product expansion. The transaction closed in December 2023 and will help CSI advance its multi-tenant cloud banking platform and expand capabilities for community and regional banks; financial terms were not disclosed.

Computer Services, Inc. Acquires Hawthorn River

December 18, 2023

Software

Computer Services, Inc. (CSI) has acquired Hawthorn River, a St. Louis-based provider of a single-platform loan origination system (LOS), to add purpose-built lending capabilities to CSI’s end-to-end banking software platform. The deal follows a prior commercial partnership and is intended to strengthen CSI’s loan origination functionality for community and regional banks while enabling distribution to non-CSI banks via channel partnerships and API integrations.

New Charter Technologies Acquires Computer Transition Services (CTSI)

January 25, 2024

IT Services

New Charter Technologies, backed by Palo Alto-based private equity firm Oval Partners, has acquired Computer Transition Services Inc. (CTSI), a security-focused managed IT services provider headquartered in Lubbock, Texas. The acquisition (financial terms not disclosed) expands New Charter's footprint into West Texas and Eastern New Mexico while keeping CTSI’s existing leadership in place to continue operations.

Tyler Technologies Acquires Computing System Innovations (CSI)

August 8, 2023

AI & Machine Learning

Tyler Technologies has acquired Computing System Innovations, LLC (CSI), an Orlando-area provider of AI-driven redaction, indexing, and document processing software for courts and public-sector customers. Tyler will integrate CSI's Intellidact platform into its eFile & Serve and other product suites to expand AI automation and document-processing capabilities; CSI management and staff will join Tyler and remain in their current offices.

Sourcepass Acquires Contemporary Computer Services (CCSI)

December 22, 2022

IT Services

Sourcepass has acquired Contemporary Computer Services, Inc. (CCSI), a Bohemia, New York-based co-managed IT services provider with approximately 65 employees. The acquisition expands Sourcepass's co-managed services capabilities, strengthens its presence in the Northeastern U.S. and education and public-sector verticals, and brings additional midmarket and enterprise contracts into its portfolio.