Compusearch Software Systems Acquired by The Carlyle Group; Peter DiGiammarino Named Chairman and Chief Executive Officer; Procurement Automation Products Help Federal Employees Be More Efficient

Dulles, VA – Compusearch Software Systems, Inc. announced today that it has been acquired by Carlyle Venture Partners, the venture investing arm of The Carlyle Group. Financial details were not released. American Capital Strategies Ltd. (NASDAQ: ACAS) invested in senior term loans, senior subordinated debt and equity. Houlihan Lokey Howard & Zukin advised on the transaction.

Compusearch is the leading provider of end-to-end procurement automation and grants management products and services for the federal government. Compusearch products PRISM Procurement, PRISM Grants, FARA and Acquisition Package are installed at more than 50 agencies across the civilian, intelligence and defense sectors. More than 20,000 federal employees rely on Compusearch’s technologies and services to perform their jobs efficiently.

In conjunction with the acquisition of Compusearch, Carlyle announced the appointment of Peter DiGiammarino as Chairman and Chief Executive Officer of Compusearch. Charles O. Rossotti, a Senior Advisor to Carlyle Ventures and member of Compusearch’s Board of Directors, said, "We are pleased to have someone of Peter’s caliber at the helm of Compusearch. Peter has done an outstanding job growing software and services companies in both the federal and private markets. Over the past 27 years, he has earned a stellar track record of performance and integrity, including founding and growing a $200 million-dollar business at American Management Systems. Peter has also held senior positions at Hyperion Software, BTG, Aquilent, Inc. and the Touchstone Consulting Group."

Mr. DiGiammarino said, "This is an exciting opportunity for Compusearch, our customers and Carlyle Venture Partners. For Compusearch, which already is the leader in the business of automated support to federal procurement activities, this transaction provides new resources to build on its superb track record. The investment by The Carlyle Group will provide additional resources to maintain the high quality of our products and services and allow Compusearch to expand the functionality of our solutions. I am excited to work with federal agencies to improve our country’s procurement systems and processes. Toward this goal, we will first make sure every customer is on track to fully benefit from the solid base of support provided by Compusearch’s software systems."

The entire existing management team and the company’s 110 employees will remain in place along with the Compusearch name and the name of its products: PRISM, PR Package and FARA – brands that federal procurement specialists have come to count on every day to support and manage government acquisitions.

• Dee Benda continues as Chief Financial and Administration Officer.


• Brock Lending continues to serve as Chief Technology Officer driving the product vision behind PRISM, PR Package, FARA and other new offerings.


• Reid Jackson, an expert in federal procurement consulting, most recently with Booz Allen Hamilton and previously with Commerce One, assumes the responsibilities of President and Chief Operating Officer.

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About Compusearch:

Founded in 1983, Compusearch is a leading provider of back-office automation products and services that support federal procurement, grants and related activities. Compusearch’s products are widely used across the civilian, intelligence and defense sectors of the federal government. For customers seeking a solution provider with deep knowledge of the federal operating regulations and environment, Compusearch offers technology solutions and services built specifically around the unique needs of federal users. Compusearch, a privately held small business, owned by Carlyle Ventures, employs more than 110 people nationally. For more information visit www.compusearch.com.

About Carlyle Venture Partners:

Carlyle Venture Partners is one of the world’s leading venture capital firms, with more than $800 million in venture capital funds under management. Carlyle Venture Partners, which invests in high-growth companies in the technology, telecommunications and media, healthcare and business services sectors, is the U.S.-based venture capital arm of The Carlyle Group, a global private equity firm with nearly $30 billion under management. Carlyle generates extraordinary returns by employing a conservative, proven and disciplined approach to investing. The Carlyle Group has more than 560 employees in 24 offices in 14 countries. Carlyle Venture Partners has offices in San Francisco, CA, New York, NY and Washington, DC.

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