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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."