BuildGroup Management, LLC, an operator-led company that invests in high-growth technology firms, has made a $30 million investment in CSDC Systems, a leading supplier of software to local, state, and federal governments.
Comerica Bank’s Technology & Life Sciences Division served as BuildGroup’s source of senior financing for the CSDC transaction. Cooley, LLP advised on the transaction as well.
The infusion of growth capital will propel CSDC’s mission to modernize local, state, and federal governments, while leveraging the operational experience from BuildGroup partners.
Founded by Dan Mishra, CSDC Systems is headquartered in Mississauga, Ontario with offices in Spartanburg, South Carolina, Fort Worth, Texas, Noida, India, Lagos, Nigeria, and Cote d’Ivoire.
CSDC Systems is the second Canadian investment made by Austin, Texas based BuildGroup. In March 2106, it invested $5 million in Maintenance Assistant.
photo credit: CSDC Systems