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Compushare Receives Strategic Investment From Davis + Henderson CorporationInvestment Will Support Continued Expansion of Compushare's Platform Among U.S. Financial Institutions (April 24, 2012)
SANTA ANA, CA -- (Marketwire) -- 04/24/12 -- Today Compushare, Inc. ("Compushare" or the "Company"), a leading provider of technology management solutions to the financial industry, announced that Davis + Henderson Corporation ("D+H") has made a minority investment in the Company. Toronto-based D+H serves the North American financial services industry through a suite of products and technology-based lending and payments solutions that reach over 1,100 financial institutions including large banks, community banks, and credit unions. Financial terms of the transaction were not disclosed.
This investment strengthens Compushare's commitment to continue to invest in its solutions offered to community banks and credit unions. Not only will the investment enhance the Company's capability to advance opportunities in the financial services industry, it will also promote opportunities for collaboration between the companies.
"Compushare is uniquely positioned at the beginning of what is a transformation in Financial Technology. This investment will allow us to continue our strong growth and strengthen our service offering portfolio," said Compushare's founder and CEO, Romir Bosu. "We have seen healthy growth in our cloud-based applications business and D+H's financial services experience is highly complementary to our own capabilities."
Compushare, #17 on the MSP Mentor Global 100 list, partnered with D+H, #41 on the Fin Tech 100 list, will be better positioned to more rapidly meet the robust demand for, and accelerate the expansion of C3, the first true community cloud based solution for financial service firms.
"Compushare has a very strong position in Financial Technology Management, we believe in their vision of where the market is going and their value proposition is compelling," stated Gerrard Schmid, CEO of D+H. "We look forward to working together with Romir and his team."
Compushare offers an enterprise suite of technology solutions that helps Community Banks, Credit Unions and other financial services firms focus on their operations, franchise value and safety through a range of Systems Management, Network Security, Applications Solutions and Compliance management products and services. Compushare currently serves hundreds of financial institutions across the United States and this investment will allow for greater opportunities within the financial services marketplace. Compushare is an SSAE 16, SOC 2 Type II, and preferred partner with many major providers.
Learn more about Compushare, Inc. at www.compushare.com.
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