Daxko Acquires CSI Software, Adding New Health and Wellness Solutions to Product Portfolio
Daxko, Inc. announced today it has acquired CSI Software LLC, a provider of enterprise software to health and fitness clubs, campus recreation centers, parks and recreation centers, wellness centers, and nonprofit organizations. The acquisition represents a meaningful and logical market expansion, as Daxko is already the largest provider of health and wellness software to member-based nonprofits such as YMCAs and Jewish Community Centers.
“Our two companies have been familiar with each other over the last decade, but with very little overlap in terms of the segments of the market we serve,” says Daxko’s CEO, David Gray. “This acquisition expands our product portfolio and our market opportunity, both of which will strengthen us as a business partner to the benefit of all of our combined customers.”
Daxko has retained CSI Software’s leadership and team members, and they will continue to operate out of their current office in Houston, Texas.
“On our visits to Daxko’s offices and through many conversations with their leadership team, we are certain that this is the right move,” said CSI Software’s President and CEO, Jonathan Ross. “Daxko has already done many of the things that we’ve been wanting to do to take our business to the next level, and is doing them well,” said Ross. “We look forward to seeing what we can accomplish together.”
Ross will lead the Houston team as Senior Vice President and General Manager of CSI Software, a product division of Daxko, Inc.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of almost $3.5 billion. For additional information, please visit www.pamlicocapital.com.