IT staffing and consulting firm Digital Intelligence Systems (DISYS) has completed a $20m growth equity investment led by US private equity firm Weston Presidio.
DISYS said it intends to use the proceeds from the investment to continue its expansion plan. With a 30 per cent annual growth rate over the last five years, DISYS has continued its US expansion in 2012 with additional operations in Denver and Philadelphia. DISYS also added global delivery operations in Switzerland and India and has grown its Brazilian operations.
“We are very proud of our momentum and growth,” DISYS founder and CEO Mahfuz Ahmed said, “The equity investment from Weston Presidio allows us to target strategic acquisitions and other growth initiatives to provide a richer portfolio of IT solutions to our growing stable of Global 1000 enterprises.”
“We are very excited to partner with DISYS, which has distinguished itself with an impressive growth track record and an unsurpassed customer commitment,” added Josh McDowell, a partner of Weston Presidio.
Weston Presidio is based in Boston and San Francisco and focus on growth companies in the consumer, business services and industrial growth sectors.
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