Fintech: Southeast News

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Posted January 27, 2021

CHARLOTTE, N.C., Jan. 19, 2021 /PRNewswire/ -- Falfurrias Capital Partners (FCP), a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, today announced the merger of Corsis, a provider of data-powered technology due diligence services, with its newest portfolio company, Crosslake Technologies.

Corsis brings a consistent, data-driven approach to technology due diligence assessments through their extensive TechIndicator best practice library and proprietary Confidence Index scoring methodology. With their proprietary software, Corsis delivers actionable insights to private equity firms and portfolio companies via a centralized dashboard, complete with objective benchmarking data that help them prioritize technology initiatives, maximizing both short- and long-term success.

Corsis has supported $30 billion in deal value and guided more than 200 private equity firms and portfolio companies with their objective and reliable analysis of technology operations throughout the investment lifecycle. Crosslake performs technical due diligence work on behalf of private equity firms and supports portfolio companies after an investment to enhance their software and accelerate growth.

Together, Crosslake and Corsis will offer private equity clients and their portfolio companies with a comprehensive suite of services that accelerate growth, minimize risk, and maximize value throughout the hold period.

"For years, we've played a key role in growing the value of private equity investments through objective data-driven insights, and now we have a unique opportunity to strategically broaden our capabilities," said Gregg Alwine, CEO, Corsis. "Combining our unparalleled insights with Crosslake's team of first-class software practitioners will ultimately deliver a platform that's truly unmatched in our industry."

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