Iron Data, an Atlanta-based portfolio company of Thompson Street Capital Partners, has acquired Versa Systems, a Toronto-based provider of regulatory software for North American government agencies. No financial terms were disclosed.
Iron Data, based in Atlanta, Georgia, announced today that it has completed a merger with Versa Systems of Toronto, Canada. Versa is a leading provider of regulatory software solutions for government agencies throughout North America in addition to providing case management software used to manage social security disability claims for federal and state agencies. Iron Data is a private company that develops and manages proprietary data processing systems on behalf of government and commercial clients. Terms of the transaction were not announced.
This marks Iron Data’s sixth acquisition since November 2005 and the second acquisition since Thompson Street Capital Partners, a private equity firm based in St. Louis, Missouri, invested in Iron Data.
Versa’s regulatory applications manage over 1400 license types for over 5 million license holders in 30 federal and state agencies. They also provide disability determination case management software to 17 states and territories throughout the United States. Brock Philp, CEO of Versa Systems, said, “This is a good combination. Iron Data has the capability to support our clients and the company’s management and technical team, and will be able to assist us in growing the business.”
Jeff Smock, CEO of Iron Data, said, “We’re very pleased to be joining with Versa Systems, who are acknowledged leaders in both the regulatory licensing and disability claims case management markets. 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 based in Atlanta, Georgia with seven offices 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.