Private equity firm High Street Capital has acquired a controlling interest in Tysons Corner Virginia-based business process outsourcing company NeoSystems for an undisclosed sum.
NeoSystems said Wednesday it will use the investment from High Street Capital to increase the number of new products, employees and channel offerings.
Michael Tinsley and Rob Wilson, co-founders of NeoSystems, will continue to lead the company as CEO and chief technology officer, respectively.
In a separate announcement, Chicago-based High Street Capital said the deal represents its fifth platform investment for Fund V.
The transaction comes nearly eight months after NeoSystems received Registered Provider Organization status in the Cybersecurity Maturity Model Certification program.
