CSIWeb, a provider of payments processing and regulatory compliance services, has been acquired by Centerbridge and Bridgeport Partners for $1.6 billion. The transaction will help the business to be able to carry out “strategic initiatives” to “grow and broaden” CSI’s range of product offerings. CSI is known for having created one of the first online ATM systems. In more recent years, CSI has introduced products related to business analytics and enterprise risk management, as well as a mobile banking solution.
CSI, a Decades-Old Fintech Solutions Vendor, Agrees to be Acquired For $1.6B | TechCrunch