DISYS Raises $20M to Drive Expansion Plan
MCLEAN, Va., Sep 18, 2012 (BUSINESS WIRE) -- Digital Intelligence Systems, LLC (DISYS), a leading IT staffing and consulting firm based in McLean, Virginia, announced today that it has completed a successful $20 million growth equity investment led by Weston Presidio.
DISYS, which was recently recognized by Staffing Industry Analysts as the 2nd fastest-growing IT firm among U.S. companies exceeding $100M in revenue for 2012, intends to use the proceeds from the investment to continue its expansion plan. With a 30% annual growth rate over the last 5 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 substantially 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," said Josh McDowell, a Partner of Weston Presidio.
"We were attracted to the team's strategic vision and their ability to execute their plan to build a unique global IT services and solutions company," added Sean Honey, Managing Partner of Weston Presidio.
DISYS was advised by Clearsight Advisors of McLean, Virginia in this transaction.
DISYS is an ISO 9001:2008 certified IT staffing and consulting company with core services in IT Staffing and Consulting, Finance and Professional Services, ERP Services, and Infrastructure Support Services. As a global business partner, the company delivers high quality and consistent services at the best value to clients worldwide. DISYS is headquartered in McLean, Virginia, with numerous offices and delivery locations in North and South America, Europe, and the Asia Pacific region.
About Weston Presidio
Weston Presidio, founded in 1991, is a private equity firm that has managed five investment funds aggregating over $3.3 billion. The firm focuses its investment activities on growth companies in the consumer, business services and industrial growth sectors. With offices in Boston and San Francisco, Weston Presidio targets lower middle-market opportunities primarily in the United States. More information is available at www.westonpresidio.com .
RMR & Associates
Sandra Schwartzman, 301-230-0045 x 100
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