Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has recapitalized Complus Data Innovations (“Complus”) of Tarrytown, NY. Complus (www.complusdata.com) is a leading provider of parking enforcement software solutions to municipalities and universities throughout the United States. The Company’s proprietary FastTrack™ software allows for municipalities to seamlessly and electronically manage their citation needs while producing industry leading citation collection rates, enhancing municipalities’ overall operating revenues. Terms of the transaction were not disclosed.
In addition to serving more than 200 municipalities, airports and universities across the United States, Complus operates Parking Ticket Payments (“PTP”). PTP is a Visa-certified Level 1 compliant PCI-DSS service provider, that securely processes over 1 million credit card transactions annually on behalf of municipalities resulting in more efficient operations.
“For more than three decades Complus has provided industry-leading service to our valued municipal partners,” said Jeff Grossman, President and CEO of Complus Data Innovations. “Thompson Street’s strong track record for supporting growth in its portfolio companies, combined with our industry leading focus on customer service, supported by our FastTrack™ system, provides a great avenue for the Company to continue on its history of impressive, customer-focused growth. We are excited about this partnership and eager to continue building Complus into the leading provider of software-enabled payment solutions to municipalities, universities and other operators in the United States.”
Said Jim Cooper, Managing Partner, TSCP, “Complus has built a legacy in the municipal market supported by unsurpassed customer service and loyalty. We are thrilled to partner with them to continue to support that legacy of growth and service while improving the operating efficiency of municipalities across the United States.”