TSCP Serves as Equity Investor in Iron Data Solutions-I Levy Merger
St. Louis, November 14, 2007 – Iron Data Solutions (IDS), based in Atlanta, announced today that it has completed a merger with I Levy and Associates of Chesterfield, Mo. I Levy is the market leader providing case management software to manage social security disability claims for federal and state agencies. Iron Data is a private company focusing on business process outsourcing in government and transportation markets.
Terms of the transaction were not announced.
Thompson Street Capital Partners, a private equity firm based in Clayton, Mo., invested in the transaction. This is the fourth investment for Thompson Street in 2007.
I Levy provides case management software to 30 states and territories throughout the United States, and its products process about half of the disability claims filed with Social Security. Irv Levy,founder and CEO of I Levy, said, “This is a good combination. IDS will support our management team’s outstanding record of customer service and support, and also brings technical and financial capabilities that will help grow the business.”
Iron Data’s case management offerings, combined with its data conversion and transaction processing services, provide more than 100 state and local agencies with the tools they need to efficiently and proactively run their operations. The company has more than 200 employees.
Jeff Smock, CEO of Iron Data, said, “We’re very pleased to join the acknowledged leaders in disability claims case management. Iron Data’s strategy is to continue growing in the government sector while finding new opportunities to employ our expertise in case management and business processes.”