Announced
Completed
Financials
Sources
Tags
Completed
Domestic
Single Bidder
Private
Friendly
Acquisition
Private Equity
Majority
financial technology
FinTech
United States
regtech solutions
Synopsis
TA Associates, a global private equity firm, completed the investment in CSI, a provider of end-to-end financial software and technology. Financial terms were not disclosed. “In our year-long, in-depth review of the core banking market, CSI emerged repeatedly as the leading innovator in its market segments. It’s crucial for community banks to offer solutions that are both user-friendly and highly secure, to effectively serve their customers and keep up with the dynamism of the banking and financial services industries. CSI has devoted several decades to fostering a customer-first operating philosophy, investing in and developing a multi-tenant SaaS cloud solution, and building products that meet the specific needs of community banks. We are enthusiastic about joining forces with Centerbridge and Bridgeport to accelerate CSI’s growth and establish it as a frontrunner in the community banking technology market,” Hythem T. El-Nazer, TA Managing Director.
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