Spectrum Equity, Cressey & Co to Acquire Majority of Verisys

3/14/17

Investment firms Spectrum Equity and Cressey & Co have agreed to acquire a majority stake in Verisys Corporation, a U.S. provider of data and software that help healthcare providers with regulatory compliance, people familiar with the matter said.

The roughly $75 million investment will help Verisys accelerate its expansion plans by building out its sales and marketing division, the people said on Monday. Verisys’ chief executive officer, John Benson, is also investing alongside Spectrum and Cressey, the people added.

The sources asked not to be identified because the deal is not expected to be announced before Tuesday. Verisys, Spectrum Equity and Cressey offered no comment.

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