January 12, 2010
Schiff Hardin represented Iron Data, a developer and manager of proprietary data processing systems on behalf of government and commercial clients, in its acquisition of Versa Systems, a leading provider of regulatory software solutions for government agencies throughout the United States. This merger helps our client grow its business and expand its offerings to its customers. Terms of the transaction were not announced. About Iron Data and Versa Systems
Iron Data, headquartered in Atlanta, Georgia with seven offices and more than 300 employees, offers a comprehensive suite of solutions, called Intelligent Process Management, that assess, improve, manage and monitor challenging operational process issues for clients in two key verticals: public sector and transportation/logistics.
Versa Systems is based in Toronto, Canada and its regulatory applications manage more than 1,400 license types for more than five million license holders in 30 federal and state agencies. The company also provides disability determination case management software to 17 states and territories throughout the United States.
This transaction marks Iron Data's sixth acquisition since November 2005 and the second acquisition since Thompson Street Capital Partners, a private equity firm based in St. Louis, Missouri, invested in Iron Data.