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Business/Financial

Private Equity Firms Acquires Compusearch Software From Carlyle Group

DDN

Wednesday, June 23rd, 2010

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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…

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