Acquiring Company
CSI
Acquired Company
Velocity Solutions
PaducahFort LauderdaleInformation TechnologySoftwareCyber SecurityFinancial ServicesSoftwareFintechAnalyticsDescription
H.I.G. Capital, a leading global alternative investment firm with $65 billion of capital under management, has completed the sale of its portfolio company Velocity Solutions to CSI, a leading provider of end-to-end financial software and technology solutions.
Quick answer
CSI is acquiring Velocity Solutions, announced September 24, 2024. CSI is based in Paducah, Kentucky, United States.
- How much did CSI pay for Velocity Solutions?
- The deal value was not disclosed.
- What does CSI do?
- Computer Services, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, print and electronic document distribution, and regulatory compliance..
- Where are CSI and Velocity Solutions based?
- CSI is based in Paducah, Kentucky, United States. Velocity Solutions is based in Fort Lauderdale, Florida, United States.
- Who are the decision-makers at CSI?
- Fundz holds 1 contact at CSI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at CSI, and when
When CSI changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Velocity Solutions?
Velocity Solutions was acquired by CSI, based in Paducah. The deal was reported on September 24, 2024. Computer Services, Inc. CSI is privately held and operates in Information Technology.
When did CSI acquire Velocity Solutions?
CSI's acquisition of Velocity Solutions was reported on September 24, 2024. H.I.G. Capital, a leading global alternative investment firm with $65 billion of capital under management, has completed the sale of its portfolio company Velocity Solutions to CSI, a leading provider of end-to-end financial software and technology solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Velocity Solutions do?
Founded in 1995, Velocity offers financial institutions best-in-class account acquisition, customer engagement, and retention solutions, as well as intelligent software for monitoring consumer liquidity through overdraft management. It is privately held, operating in Financial Services, and is based in Fort Lauderdale.
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