PSC Info Group, a provider of technology services and tools to streamline consumer collections, has been acquired by Compass Investment Partners Fund, a middle-market private equity firm, and will be combined with data services firm Dantom Systems.
The core service offering for the newly combined company, to be called Revspring, includes data hygiene and analytics, secure document creation and delivery, multi-channel communications, electronic billing and archival services and online payment tools.
Revspring expects to handle more than one billion customer interactions annually while serving a customer base across the health care, financial services, home services and other end-markets.
Revspring’s headquarters will be in Wixom, Mich. The company will have locates in Michigan, Pennsylvania, Nevada, Ohio and New York. Tim Schriner, current CEO of Dantom, will serve as president and CEO of the combined company.
Joseph J. Greco, founder and CEO of PSC Info Group, is also an investor in the newly created company and will serve as chairman of the board.
“We are extremely excited to partner with Compass Investment Partners and Dantom Systems to form Revspring," Greco says. "The combination … is a highly strategic transaction that creates a powerful leader in the marketplace and provides scale and a national footprint to serve our growing customer base.”
Schriner adds: “Revspring will be known as a leader in providing a range of technology-enabled solutions around time-sensitive communications, payments and analytics. We will continue to aggressively invest in industry-leading technology, data security and regulatory compliance services under the new platform.”
PSC Info Group is the second investment for Compass Investment within its business process outsourcing sector focus. Justin Lipton, managing director of Compass, adds: “Our initial thesis was to build the leading company in the accounts receivable management market with an increased focus on the health care end-market and a continued migration towards data and electronic services. This combination is a significant step forward for the company’s long-term plan.”