Iron Data, an Atlanta-based portfolio company of Thompson Street Capital Partners, has acquired CAVU Corp., a Raleigh, N.C.-based provider of regulatory software for government agencies in North America. No financial terms were disclosed.
Iron Data, LLC, based in Atlanta, Georgia, announced today that it has completed the acquisition of CAVU Corporation of Raleigh, North Carolina. CAVU is a leading provider of regulatory software solutions for government agencies throughout North America. Iron Data is a private company that develops, manages and operates proprietary data processing software systems on behalf of government and commercial clients. Terms of the transaction were not announced.
This marks Iron Data’s seventh acquisition since November 2005 and the third acquisition since Thompson Street Capital Partners, a private equity firm based in St. Louis, Missouri, invested in Iron Data.
CAVU’s regulatory solutions manage a broad variety of license types for government agencies in 14 states and many local municipalities. Richard Scott, CEO of CAVU Corporation, said, “We are very pleased to be part of this team. By joining forces with Iron Data, we will be able to bring exciting new innovations to the market and serve our customers as never before.”
Jeff Smock, CEO of Iron Data, said, “CAVU Corporation is a recognized leader in this sector and is a welcome addition to the Iron Data family. Our combined regulatory licensing practice is unrivaled in the market. Iron Data’s strategy is to continue growing in the government sector and to continue finding opportunities to employ the business’s expertise in case management and business processes in government and other applications.”
Iron Data is headquartered in Atlanta, Georgia with eleven offices worldwide and over 300 employees. Iron Data offers a comprehensive suite of solutions, called Intelligent Process Management, that assess, improve, manage and monitor challenging operational process issues for clients in two key verticals: public sector and transportation/logistics.