Tibersoft becomes autonomous business unit of a public company
New financial backing positions us for long term client innovation
Tibersoft has completed a transaction making it a fully owned, but independent operating company of CSI (TSX: CSU). This completed a search spanning many options for the company and I’d like to lay out the rational for why we chose this particular option more than just that it provides the optimal balance of value for clients, employees, and shareholders.
First a bit of housekeeping, our name and our team remains the same. We’re now part of the Volaris Operating Group.
The number one reason we chose CSI is the long term stability of the relationship. Unlike a more typical private equity buyer, CSI’s practice is to buy and hold companies for the long term. Tibersoft will now be able to make long term R&D investments that leverage and extend the OpTRADE database and Explore software platforms.
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