DISYS raises $20 million for expansion plans
- September 18, 2012
Digital Intelligence Systems LLC (DISYS), an IT staffing and consulting firm based in McLean, said Tuesday that it has completed a $20 million growth equity investment led by Weston Presidio.
DISYS, recently recognized by Staffing Industry Analysts as the second fastest-growing IT firm among U.S. companies exceeding $100 million in revenue for 2012, plans to use the proceeds from the investment to continue expanding. With a 30 percent annual growth rate over the last five years, DISYS has continued its U.S. expansion in 2012 with additional operations in Denver and Philadelphia. DISYS also added global delivery operations in Switzerland and India and has substantially grown its Brazilian operations.
“We are very proud of our momentum and growth,” DISYS founder and CEO Mahfuz Ahmed said in a statement. “The equity investment from Weston Presidio allows us to target strategic acquisitions and other growth initiatives to provide a richer portfolio of IT solutions to our growing stable of Global 1000 enterprises.”
DISYS was advised by Clearsight Advisors of McLean for this transaction.