DANTOM Systems recently received an investment from the InvestMichigan Mezzanine Fund as part of a private equity deal for the Wixom-based software firm.
The 14-year-old company employs about 150 people. It specializes in providing outsourced document management services and customized data solutions. Some of its core service offerings include secure document creation and delivery, data hygiene and analytics, electronic archival services and online payment portals in the health-care, financial, home services and government end-markets.
DANTOM Systems had been owned by Chicago-based private-equity firm
Bolder Capital before being bought by Washington, D.C.,-based private-equity firm
Compass Partners. The
InvestMichigan! Mezzanine Fund, which is run by
Credit Suisse and Farmington Hills-based
Beringea, also provided an undisclosed amount of capital as part of the deal.
Timothy Schriner, president and CEO of
DANTOM Systems, says the money will provide the firm more flexibility, allowing it to grow organically and target some acquisitions.
"We look forward to future acquisitions down the road," Schriner says.
Source: Timothy Schriner, president and CEO of DANTOM Systems
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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