Joe Panettieri, Former Editorial Director

July 18, 2011

1 Min Read
Compushare: Banks Are Ready for Managed and Cloud Services

Compushare, an MSPmentor 100 company, continues to gain momentum delivering cloud services to community banks, credit unions and financial services customers. Moreover, Compushare seems to be setting the stage for more acquisitions within the managed services and cloud services markets.

In a prepared statement, Compushare said the company added 30 new customers in the first-half of 2011, and Compushare expects to boost that figure in the second half of 2011. The company credited the Compushare Cloud Computing (C3) platform for helping to drive the growth. Moreover, Compushare Controller Gladys Gutierrez said Compushare remains “well positioned” for organic and acquisition-related growth, a clear signal that Compushare is considering potential buyouts.

Compushare has some expertise in the M&A market. The company in January 2011 acquired Virtual Empowerment, which web-enables legacy applications for banks.

Still, it’s difficult to say exactly how well Compushare is doing. As a privately held MSP and cloud services provider, CompuShare doesn’t need to disclose deep details about its financial performance. The company has more than 800 customers in the financial services vertical across the US.

Plus, identifying MSPs as potential takeover targets could be difficult. Only a small number of MSPs — such as Compushare and HEIT — have focused purely on the financial services vertical.

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About the Author(s)

Joe Panettieri

Former Editorial Director, Nine Lives Media, a division of Penton Media

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