Revenue Solutions, Inc., a Pembroke, Mass.-based provider of technology-enabled public sector tax processing and compliance software solutions, received a strategic investment from an affiliate of DC Capital Partners Management, LP, a private equity investment firm focused on Government and Technology related investments.
The amount of the deal was not disclosed.
The company will use the funds to grow and diversify its solutions offerings, and continue to expand its customer base.
Founded in 1996 by Chris Barlow, President & Chief Executive Officer, RSI is a provider of mission critical integrated tax, labor, and compliance software and solutions to State and Local government tax authorities. The company provides clients with information technology services and solutions to increase tax collections, improve customer service, enhance operational efficiency, and maximize compliance. It has developed a stable of proprietary tax processing, compliance, and revenue management software products, including Revenue Premier. RSI has provided solutions to more than 35 Tax, Revenue and Labor agencies at the Federal, State, and Local levels. With three offices and more than 300 employees, RSI’s workforce is comprised of skilled tax and labor professionals, software engineers, and project managers. RSI will remain headquartered in Pembroke, MA. The management team will retain a meaningful equity position while continuing to lead the company.