Compushare Receives Majority Investment From Davis & Henderson, a Leading Provider to the Financial Market
SANTA ANA, CA, Jan 30, 2013 (MARKETWIRE via COMTEX) --
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.
Chief Business Development Officer
SOURCE: Compushare, Inc.
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