Computer Services, Inc. Acquires Hawthorn River

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.

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

November 16, 2022

IT Services

Computer Services, Inc. (CSI) was acquired in an all-cash transaction valued at approximately $1.6 billion ($58.00 per share) by private equity firms Centerbridge Partners, L.P. and Bridgeport Partners. The deal closed in November 2022, and CSI became a private company with its stock delisted from the OTCQX market.

CSI Acquires Velocity Solutions from H.I.G. Capital

September 18, 2024

Software

CSI, a provider of end-to-end financial software, has acquired Velocity Solutions from H.I.G. Capital. Velocity Solutions — a nearly 30-year-old provider of deposit acquisition, customer engagement and intelligent overdraft management software that serves more than 30 million consumers — will be integrated into CSI's suite of products; terms were not disclosed.

HKW Acquires CIS Secure Computing; Riverside Makes Minority Investment

April 20, 2021

Cybersecurity

HKW, a middle-market private equity firm, has acquired CIS Secure Computing from Acorn Growth Companies. The Riverside Company’s Riverside Strategic Capital Fund partnered with HKW as a minority investor to support CIS’s product and software expansion and pursue strategic add-on acquisitions; CIS is headquartered in Ashburn, Virginia and provides secure endpoint communications solutions to government and security-conscious customers.

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.

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.