From the Wires
Compushare Receives Majority Investment From Davis & Henderson, a Leading Provider to the Financial Market
Investment Will Accelerate Compushare's Strategic Growth With Community Financial Institutions and Support D+H's Plans to Expand Service Portfolio
By: Marketwired .
Jan. 30, 2013 02:30 PM
SANTA ANA, CA -- (Marketwire) -- 01/30/13 -- Today Compushare, Inc., the nation's leading technology management provider for the financial industry and only pure cloud computing provider to financial institutions, announced that it has accepted an offer from Davis & Henderson (D+H), a leading provider to the financial services industry and ranked thirty-fifth on the 2012 FinTech 100 list, to purchase the remainder of the company's outstanding shares. Terms of the investment were not disclosed.
"We are excited to join the D+H family of companies. Being part of D+H will enable us to accelerate our growth and pursue additional opportunities with Community Banks, Credit Unions and Financial Service Providers throughout the United States," said Compushare's founder and CEO, Romir Bosu. "With the only true community cloud based solution offered to a market that is readily adopting the technology, we will be better positioned to rapidly meet this demand, while continuing to invest in additional innovative solutions. We are pleased to join D+H, a company with deep experience in serving the technology and compliance needs of a wide range of financial institutions in North America," added Bosu.
As D+H continues to grow its capabilities in the North American FinTech space, Compushare's suite of technology management and cloud based solutions complements its already strong footprint among U.S. community banks, credit unions and financial service providers where D+H provides Software as a Service (SaaS) mortgage and loan origination solutions through its Mortgagebot subsidiary to over 1,400 financial institutions. "Our goal is to be a leading solutions provider to the North American financial services industry and we believe our decision to acquire Compushare continues to strengthen our ability to deliver on our vision," stated Gerrard Schmid, CEO of D+H. "In particular, this investment enables us to participate in the growing needs of U.S. financial institutions for cloud delivered services and applications to better allow them to manage their infrastructure focus on IT strategy and more effectively support their growth. We look forward to working with the talented team at Compushare as we both expand our businesses," added Schmid.
Compushare offers a full suite of technology solutions that assist community banks, credit unions and other financial service providers in controlling costs, increasing efficiencies and preparing for increased compliance requirements. As the leader in delivering the only community-based cloud platform built to meet the specific needs of financial institutions, Compushare brings an innovative way to solve technology challenges to the market. Compushare currently serves hundreds of financial customers with these solutions."
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 17 years of technology experience supporting over 800 financial clients nationwide, Compushare is an SSAE 16 SOC 2 Type II, FFIEC reviewed, and preferred partner with many major providers such as The Independent Community Bankers Association of America (ICBA). From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.
Learn more about Compushare, Inc. at www.compushare.com.
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