Computer Services, Inc.
Computer Services, Inc. (CSI) is an American provider of financial technology, including core bank processing, electronic and print distribution, managed services, digital banking, payments processing, regulatory compliance, and treasury management.[1] CSI is the fourth largest banking core processor company in terms of market share in the U.S.[2] In 2017, CSI ranked 63rd in the IDC Financial Insights FinTech Rankings[3], which highlight top global technology providers based on calendar year revenues from financial institutions for hardware, software, and services. In 2018, CSI was recognized by American Banker on its inaugural list of the 20 "Best Fintechs to Work For."[4]
History and Acquisitions
CSI was incorporated in 1965 by John A. Williams in Paducah, KY.[5] Williams was named the company's chairman in 1979 and served on the Board of Directors until his retirement in 2017. CEO Steven A. Powless was named board chairman following Williams’ retirement.[6] The company has grown from having six employees and three customers[7] to being one of the top employers in Paducah.[8]
 | |
| Public | |
| Traded as | OTCQX: CSVI |
| ISIN | 🆔 |
| Founded 📆 | 1965 |
| Founder 👔 | |
| Headquarters 🏙️ | , Paducah, Kentucky |
Area served 🗺️ | |
Key people |
|
| Revenue🤑 | $224.7 million[9] (2016) |
| $48.1 million[10] (2016) | |
| $29.1 million[11] (2016) | |
| Members | |
Number of employees | 1,109 (2016) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Acquisitions
CSI made the following acquisitions from 2000 to 2011:
- 2000: First Commerce Technologies, a subsidiary of National Bank of Commerce Trust and Savings Association.[12]
- 2003: ATTUS Technologies, Inc., a software and services company for regulatory compliance, homeland security, and fraud prevention.[13]
- 2005: McCoy Myers and Associates, an Amarillo, Texas-based core provider.[14]
- 2007: Summit Financial Solutions, Inc., a provider of item processing solutions, including remote image capture, remote deposit, cash letter manager, branch capture, merchant capture, and document storage.[15]
- 2008: Heartland Communications, a provider of a broad array of internet, voice, data, and video services.[16]
- 2009: Myriad Systems, Inc. (MSI) as a provider of print and mail, online document delivery, and item processing solutions.[17]
- 2011: HEIT Consulting, Inc., a provider of cloud-based managed compliance, security, and IT services and programs.[18]
References
- ↑ "Computer Services, Inc.: OTCMKTS:CSVI quotes & news - Google Finance". www.google.com. Retrieved 2017-02-21.
- ↑ "Bank Core Processor Market Share 2017". FedFis. March 13, 2018.
- ↑ "IDC Financial Insights FinTech Rankings Top 100" (PDF).
- ↑ "Best Fintechs to Work For". American Banker. March 4, 2018.
- ↑ "Computer Services Names Park After Founder Williams". Paducah Sun. September 27, 2017.
- ↑ "Computer Services, Inc. Names New Chairman". Courier & Press. May 5, 2017.
- ↑ "Corporate Headquarters: CSI". paducahbank.com. July 6, 2012.
- ↑ "Paducah Community Profile". Kentucky Cabinet for Economic Development. March 11, 2018.
- ↑ "OTC Markets | Official site of the OTCQX, OTCQB and OTC Pink Marketplaces featuring Free Stock & Bond Quotes, Trade Prices, Chart, Financials and Company News & Information for Investors, Companies and Traders - OTCMarkets.com". www.otcmarkets.com. Retrieved 2017-02-21.
- ↑ "OTC Markets | Official site of the OTCQX, OTCQB and OTC Pink Marketplaces featuring Free Stock & Bond Quotes, Trade Prices, Chart, Financials and Company News & Information for Investors, Companies and Traders - OTCMarkets.com". www.otcmarkets.com. Retrieved 2017-02-21.
- ↑ "OTC Markets | Official site of the OTCQX, OTCQB and OTC Pink Marketplaces featuring Free Stock & Bond Quotes, Trade Prices, Chart, Financials and Company News & Information for Investors, Companies and Traders - OTCMarkets.com". www.otcmarkets.com. Retrieved 2017-02-21.
- ↑ "http://www.bizjournals.com/louisville/stories/2000/08/07/daily18.html". www.bizjournals.com. Retrieved 2017-02-21. External link in
|title=(help) - ↑ Inc., Computer Services,. "CSI Completes Acquisition of ATTUS Technologies, Inc". www.prnewswire.com. Retrieved 2017-02-21.
- ↑ Associates, McCoy Myers &. "McCoy Myers to Merge With CSI". www.prnewswire.com. Retrieved 2017-02-21.
- ↑ Inc., Computer Services,. "Computer Services, Inc. Acquires Summit Financial Solutions, Inc". www.prnewswire.com. Retrieved 2017-02-21.
- ↑ Inc., Computer Services,. "CSI Completes Heartland Acquisition". www.prnewswire.com. Retrieved 2017-02-21.
- ↑ Inc., Computer Services,. "CSI Acquires Myriad Systems, Inc". www.prnewswire.com. Retrieved 2017-02-21.
- ↑ "Computer Services Inc. Buying Heit to Boost Product Portfolio". American Banker. August 10, 2011.
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