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 Digital Intelligence Systems, LLC (“DISYS” or the “Company”) on its highly successful $20 million growth equity investment by Weston Presidio, a private equity firm that focuses its investment activities on growth companies in the consumer, business services and industrial growth sectors.
DISYS is a leading provider of IT professional services with core solutions in IT staffing and consulting, finance and professional services, ERP services, and infrastructure support services. The Company was recently recognized by Staffing Industry Analysts as the 2nd fastest-growing IT firm among U.S. companies exceeding $100M in revenue. In 2012, DISYS is expected to generate over $300 million in revenue and has maintained a 30% annual growth rate over the last 5 years. “This transaction underscores Clearsight’s dominance in the IT services sector, and more broadly our capabilities and expertise across the professional services industry,” said Joel Kallett, Managing Director of Clearsight.
The proceeds from the investment will be used to fuel the continued domestic and global growth of the Company. Kallett also added, “Mahfuz and his team have done an incredible job growing the business and solidifying DISYS’ leadership position over the last several years. It was a pleasure working with such a talented management team to achieve this extraordinary outcome.”
“The Clearsight team delivered on their promise. They brought exceptional industry insight and creativity to the table, and worked tirelessly on our behalf to find DISYS the right financial partner. I could not have picked a better team to advise us on this mission critical transaction”, said Mahfuz Ahmed, CEO of DISYS. Kallett also said, “It is the vision of Clearsight to not only deliver high-quality services to our clients and exceed their expectations, but to go one step further to ensure that we are finding the right partners on the right terms.”