Private equity firm DFW Capital Partners has acquired Creative Computing Solutions Inc. (CCSi), adding to the confluence of information technology (IT) companies that tackle issues in both the health and cyber security sectors.
CCSi, based in Rockville, Maryland, will be added to DFW's portfolio company Information Innovators Inc., or Triple-i. DFW has owned Triple-I since March 2012 and since then it has tripled the company in size, while investing additional capital in the form of preferred equity and debt.
For the CCSi deal, the Teaneck, New Jersey-based private equity firm expanded Triple-i’s senior and subordinated debt facilities.
CCSi complements Triple-I because both companies provide services exclusively to federal government customers within cyber security and health data.
Atlanta-based investment bank SunTrust Robinson Humphrey advised CCSi throughout the sale process.
DFW invested in CCSi out of its fourth fund, which closed in December 2013. In April, DFW sold metanexgen LLC, a Bensalem-based developer of pharmaceutical marketing software, to Insignia Capital Group LLC in a leveraged buyout transaction.
It is one of several buyers on the lookout for M&A opportunities in the cyber security space. Others include Keyw Holding Corp. (Nasdaq: KEYW), which acquired both Ponte Technologies LLC and Milestone Intelligence Group Inc. in March, as part of an effort to expand security offerings for government and business clients.
Also in March, Bain Capital agreed to buy security software business Blue Coat Systems Inc. from Thoma Bravo. Before that, Belden Inc. (NYSE: BDC) acquired Thoma Bravo-backed Tripwire, a cybersecurity business, for $710 million in December.