Computer Services Acquires Cloud Specialist HEITBy Nathan Eddy | Print
The acquisition of HEIT would make CSI one of the largest cloud and managed service providers for financial institutions nationwide.
Compliance and document delivery solutions specialist Computer Services Inc. (CSI) announced that it had entered into a definitive agreement to acquire HEIT, a provider of cloud-based managed compliance, security and IT services. The acquisition of HEIT, which operates two secured data centers, located in Fort Collins, Colo., and Austin, Texas, would make CSI one of the largest cloud and managed service providers for financial institutions nationwide. Certain terms of the stock purchase were not disclosed. CSI and HEIT expect the acquisition to occur on Sept. 1.
Expanding CSI's customer base by more than 400 customers as well as its existing portfolio of products and services, the acquisition would allow CSI to meet its customers' compliance, security and infrastructure management needs, while giving financial institutions the ability to partially or completely outsource IT. CSI is a solutions provider to more than 5,200 customers within the financial industry, as well as other industries, delivering systems and services.
"Financial institutions today are under more regulatory pressure and security threats than ever before," said Steve Powless, CSI's CEO. "We remain dedicated to ensuring that our customers have the highest levels of compliance and security in place. The addition of HEIT to the CSI family will provide our existing customers with expanded services, enhancing their competitiveness with more secure and efficient technology and operations."
Cloud-based managed services enable financial institutions to access on-demand technology and IT services without the requirement to purchase, build, and integrate expensive data centers, networks and servers. After the closing, HEIT CEO Dan Holt will become general manager of CSI's Managed Services Division.
"We look forward to joining the CSI family," said Holt. "CSI, like HEIT, is dedicated to providing innovative solutions to financial institutions that are backed by a team of industry experts. This is a tremendous opportunity to further invest, innovate and expand our national presence as a managed services provider, while also gaining the ability to offer many new services to our customers."