Computer Services, Inc. entered into a definitive agreement to acquire Fort Collins, Colorado-based HEIT, a provider of cloud-based managed compliance, security, and IT services.

The acquisition of HEIT, which operates two secure data centers, located in Fort Collins, Colo. and Austin, Texas, that are staffed around the clock with technical experts to ensure mission-critical resources function efficiently, would make CSI one of the largest cloud and managed service providers for financial institutions nationwide. Certain terms of the stock purchase were not disclosed. CSI and HEIT expect the acquisition to occur Sept. 1.

Expanding CSI’s customer base by more than 400 customers as well as its existing portfolio of products and services, the acquisition would allow CSI to meet its customers’ compliance, security, and infrastructure management needs, while giving financial institutions the ability to partially or completely outsource IT, according to a statement. 

“Financial institutions today are under more regulatory pressure and security threats than ever before,” said Steve Powless, CSI’s CEO. “The addition of HEIT to the CSI family will provide our existing customers with expanded services, enhancing their competitiveness with more secure and efficient technology and operations.”

Cloud-based managed services enable financial institutions to access on-demand technology and IT services without the requirement to purchase, build, and integrate data centers, networks, and servers.

CSI is a solutions provider to more than 5,200 customers within financial services, as well as other industries.

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