Friday 22 January 2021

North Carolina, US-based private equity firm Falfurrias Capital Partners has merged its portfolio company, Crosslake Technology, an IT and software development services provider, with technology provider Corsis, to establish a data-enabled tech due diligence provider, the company said.

Terms of the transaction were not disclosed.

Corsis brings a consistent, data-driven approach to technology due diligence assessments through their extensive TechIndicator best practice library and proprietary Confidence Index scoring methodology.

With their proprietary software, Corsis delivers actionable insights to private equity firms and portfolio companies via a centralised dashboard, complete with objective benchmarking data that help them prioritise technology initiatives, maximising both short- and long-term success.

Together, Crosslake and Corsis will offer private equity clients and their portfolio companies with a comprehensive suite of services that accelerate growth, minimise risk and maximise value throughout the hold period.

Corsis is a data-powered technology platform that delivers revolutionary insights into technology investments that drive growth and value.

Crosslake performs technical due diligence work on behalf of private equity firms and supports portfolio companies after an investment to enhance their software and accelerate growth.