Decision Systems Inc. reverse merger with CFS Group

 

Client and Buyer:  IDS Group (FKA: CFS Group plc)

International Decision Systems (“IDS” formerly known as CFS Group plc) is a developer of equipment finance software built for financial institutions and equipment-leasing companies. The company's lease origination and portfolio management software unite to offer a single end to end equipment finance solution and helps manage all originations, analytics, and front office and back office decision processes, enabling diverse financing companies to manage their financing operations efficiently.

 

Reverse Merger Partner: Decision Systems, Inc.

Based in Minneapolis Minnesota Decision Systems Inc. (“Decision Systems”) is a leader and world market player in the provision of equipment leasing software and services.  Decision Systems wanted to expand into international markets and a reversal into CFS Systems (and the subsequent renaming of the business IDS) achieved their objectives.

 

Transaction Details:

CFS Group plc was a long-term client of American Corporate Services.  Three acquisitions of US companies (Leasetek in July 1998, Cipher Systems in August 2000 and Hunter Group in September 2000) established CFS Group plc in the United States as a major player in the equipment leasing and financing software business.  The expanded CFS Group was an ideal merger partner for Decision Systems with complementary product offerings and distribution.  IDS was subsequently acquired by Thoma Bravo through an LBO on October 8, 2019 for an undisclosed sum.

 

Broker/Dealer:  Not Applicable (pre-FINRA regulation)

Completion:  October 2000