Vancouver, BC, July 16, 2010--(T-Net)--Sverica International announced today that it acquired Syscon Justice Systems on July 7, 2010. Syscon provides software solutions to domestic and international corrections facilities and police departments. Syscon offers a wide range of solutions to suit the enterprise needs of these organizations. Syscon is headquartered in the Vancouver area with additional offices in London and Sydney.
For Syscon, the Sverica investment marks an important milestone in the Company's history. “This partnership with Sverica will help us to accelerate our growth, by fueling the continuous improvement of our technology and solutions, and supporting our management team with Sverica's strategic and analytical assistance,” stated Dan Crawford, CEO of Syscon. “Sverica's commitment will support our global expansion plans, and make us an even more valuable strategic partner to our clients.”
Frank Young, Managing Director at Sverica International, added: "Syscon is clearly the leading provider of offender management technology, both in North America and around the globe. The company has a strong track record of providing robust offender management solutions and providing excellent service to its clients. Sverica was very impressed by the experienced management team, proven technologies, installed base, and ability to serve a variety of international clients with evolving needs. We are very excited to partner with Dan Crawford and his talented team and are committed to providing continued top-quality service to clients and investing in Syscon's technologies and organization to ensure continued growth."
About Syscon Justice Systems
Syscon is the leading international provider of Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools. Syscon has been delivering quality and value for 28 years in a business where experience really counts. Syscon not only meets and exceeds industry standards, they are the industry standard. For more information, please visit www.syscon.net.
About Sverica International
Sverica International is a leading private equity firm with over $425 million of assets under management across three funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since 1993 Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit www.sverica.com.