The private equity firms JMI Equity and Arlington Capital Partners last week acquired Compusearch Software Systems, a provider of procurement software and services to the federal government, from the private equity firm The Carlyle Group.
Terms of the sale were not disclosed.
Compusearch’s software automates mandated business rules for public sector organizations with authority to spend, grant or move funds. Its products are installed at more than 80 agencies across the civilian, intelligence and defense sectors.
"The Federal Government has stated its intention to improve transparency in the procurement and contracting process while significantly increasing the ranks of the federal acquisition workforce," Jeffrey Freed, managing partner of Arlington Capital, said in a statement. "Over the past 25 years, Compusearch has built the most successful acquisition support software and services offerings in the industry and consequently is uniquely positioned to benefit from these trends. There are numerous potential opportunities across the defense, intelligence, and civilian markets that, with our collective support, Compusearch is well positioned to pursue."
Compusearch has 175 employees. The company’s financial adviser on the deal was Houlihan Lokey.