CSI, a decades-old fintech solutions vendor, agrees to be acquired for $1.6B

Showing that the regtech industry remains robust to economic headwinds, private equity firms Centerbridge Partners and Bridgeport Partners today announced plans to acquire the publicly-traded Computer Services, Inc. (CSI), a provider of payments processing and regulatory compliance services, for $1.6 billion in an all-cash deal. CSI CEO David Culbertson said that the transaction — which works out to $58 per share of CSI’s common stock — will enable the company to execute “strategic plans” to “expand and diversify” CSI’s various product offerings.

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