SOURCE: Compushare, Inc.

Compushare

April 08, 2010 20:00 ET

Compushare Acquires InfoPartners; Expands Its Target Client Base to Serve Venture Capital, Private Equity & Hedge Funds Market

SANTA ANA, CA--(Marketwire - April 8, 2010) -   Compushare, Inc., the leading Financial Technology Management solutions provider for financial institutions across the United States, has acquired InfoPartners, Inc. of San Carlos, California, the premier IT services provider for Venture Capital, Private Equity and Hedge Funds. This acquisition expands Compushare's business into these adjacent financial services industries, which also place a premium on securing, managing and accessing critical business data 24 x 7. This combination of market leaders, uniquely positions Compushare to provide best of breed technology, high availability and cloud computing offerings with impeccable service delivery to a new segment of the financial services industry across all of the major financial centers nationwide. The financial details of the agreement have not been disclosed. This is the second acquisition made by Orange County, California based Compushare in 2010, and the fifth acquisition in the past 4 years.

"This acquisition is a natural evolution of our current business, and a perfect strategic fit since the IT management approach, business purpose, pace, compliance considerations and high-touch support requirements of banks and credit unions are very much aligned with those of the broader financial services marketplace," said Romir Bosu, CEO of Compushare. Mr. Bosu added, "Our company will be able to leverage 15 years of experience working with community banking institutions, apply these best practices to the financial services industry as a whole, and generate tremendous efficiencies for all of our current and new clients. InfoPartners is an ideal partner since they have an outstanding reputation, a very strong client base, a similar corporate culture, and a client-focused approach to support and service delivery."

"InfoPartners is extremely excited to be a part of the Compushare team," said David Gorsuch, CEO of InfoPartners. "Compushare brings a tremendous depth of compliance expertise, technical resources, a national presence and extensive back-end client support with their state of the art Technology Management Center which will only enhance our high touch delivery process. Additionally, our clients will receive immediate access to an expanded suite of offerings, an advanced managed services platform that include high availability solutions for web, wireless and mobile applications, and improved scalability and predictability of their IT costs." Mr. Gorsuch added, "They will also benefit greatly from Compushare's deep understanding of the regulatory environment and how best to remain compliant, especially in light of the anticipated increase of federal oversight of alternative investment companies."

About Compushare
Smart Technology Management Solutions for the Financial Services Industry
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial services industry. We take a strategic, consultative and customized approach to the selection, implementation and management of technology. Our experience, premium service, impeccable delivery and predictable cost structure, provides our clients with immediate and lasting value, which allows them to focus on their core business.

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