Washington, DC (March 5, 2012) – FOCUS LLC, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Digital Intelligence Systems Corp. (DISYS) has acquired certain assets of Conversion Services International (CSI). FOCUS represented DISYS in the transaction.
Headquartered in McLean, Virginia, DISYS is one of the leading IT staffing and consulting firms in the country. Ranked No. 7 on the list of fastest-growing U.S. staffing firms with approximately $250 million in revenue, DISYS has offices and delivery locations worldwide in North and South America, Europe and the Asia Pacific region.
According to Mahfuz Ahmed, Chief Executive Officer of DISYS, “Our organization’s vision is to be a global IT business partner, delivering the highest quality and most consistent services at the best value to clients worldwide. The acquisition of CSI’s assets will allow us to service a complementary set of customers and expand our presence in financial services and other key vertical industries. CSI is a leading provider of information management and business intelligence solutions. The company offers an array of services and solutions aimed at helping customers move from data-rich to knowledge-rich environments, and to leverage that knowledge to transform businesses.”
According to Manan Shah, FOCUS Partner and Co-Leader of the Information Technology Group, “We are delighted that DISYS entrusted us when they decided to pursue a growth-by-acquisition strategy. CSI’s acquisition will complement the spectacular growth DISYS has achieved organically in recent years.”
George Shea, FOCUS Partner and Team Leader of the Information Technology Group, commented, “We were honored to represent DISYS and its superb management team in executing the firm’s first-ever acquisition; they were a pleasure to work with.”
About FOCUS LLC
FOCUS LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures and corporate finance. FOCUS is a national firm serving clients from offices in major cities across the United States. FOCUS specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners and various types of investors across a broad range of industries, throughout the U.S. and worldwide. FOCUS bankers are seasoned operating and financial executives with extensive transaction experience. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com/technology.