Clearsight Advises NeoSystems Corporation (“NeoSystems) on its Growth Capital Investment from OFS Capital
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in the IT and professional services industry. Clearsight served as the exclusive strategic and financial advisor to NeoSystems Corporation (“NeoSystems” or the “Company”) on its highly successful $15 million growth capital investment led by OFS Capital Corporation, a provider of capital and leveraged finance solutions to North American, middle market companies.
NeoSystems Corp., based in Tysons Corner, Virginia, delivers strategic back office services and solutions for government contractors, nonprofit organizations, and commercial entities. Utilizing best of breed technology and leveraging in-depth expertise in Accounting & Finance, Human Capital Management, Hosting, and Information Technology, the NeoSystems team helps companies improve vital operations, reduce their overhead costs and become compliant with complex federal requirements. The Company was recently named by Inc. Magazine to the 2014 Inc. 5000 list of America’s Fastest-Growing Private Companies for the fifth consecutive year. “This transaction is another example of Clearsight’s focus and dedication to the professional services industry and specifically the business process outsourcing sector,” said John Rakowski, Director of Clearsight.
The proceeds from the investment will be used to accelerate the Company’s organic and inorganic growth initiatives. Rakowski also added, “Michael, Rob and their team of accomplished managers have done an incredible job building a leading Finance & Accounting BPO service provider. It was a pleasure working with such a dedicated and talented management team and we look forward to working with them for many years to come.”
“Clearsight Advisors provided NeoSystems with dedicated and unparalleled expertise coupled with a keen understanding of our long term strategic goals to guide us throughout the funding process. Partnering with Clearsight was a strategic imperative for NeoSystems and we were impressed at every juncture. Special thanks to John Rakowski and Joel Kallett.”, said Michael Tinsley, Founder, president and chief executive officer of NeoSystems Corp.