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DISYS Raises $5M In Growth Capital financing

2011-11-03
Global IT staffing and consulting company, announced they raised $5 million in growth capital financing from Access National Bank.
MCLEAN, VA, Digital Intelligence Systems Corp. (DISYS), a leading global IT staffing and consulting company, announces today that they have been awarded by Access National Bank, $5 Million in growth capital financing for the organization to continue to build out the company and set the stage for strategic growth. Access National Bank (NASDAQ: ANCX) provides a full range of business banking solutions for growing organizations in the greater Washington area and recently reported its 45th consecutive quarterly profit over its 12-year history.

"Access National Bank has shown great support and interest in assuring that DISYS continues to grow strategically," DISYS' CEO Mahfuz Ahmed states. "The growth capital that we have received will allow DISYS to continue to build out our internal infrastructure and human capital, and assist us as we continue to open new offices and expand our service offerings throughout the world."

DISYS has posted an annual growth rate of 30% and currently ranks as the seventh-fastest growing company in the staffing industry. The organization is working towards taking the company to the next level with the creation of a new middle management structure, increasing awareness for DISYS' vertical industry expertise and horizontal product offerings, spearheading Domestic Operations, International Operations, and non IT work to meet its goal to achieve $500 million by 2014. This new structure will allow for more streamlined organizational efficiency as the company continues its growth trajectory.

"We're excited about our growth capital venture with DISYS," said Ted Lauer, Access National Bank's SVP & SBA Department Manager. "DISYS is the type of organization we look to work with. It has a solid, healthy foundation and strategic plan for growth with clear objectives, which we hope to help DISYS meet."

About Access National Bank

Access National Bank, a business-focused nationally chartered bank, is a subsidiary of Access National Corporation, headquartered in Reston, Virginia with $765 million in assets reported as of 9/30/11. The bank provides credit and treasury management to emerging businesses, as well as personal banking services including mortgages and wealth management. Access National Bank offers sophisticated banking products, comparable or better than those found at mega banks, yet delivered on a personalized and local basis. To learn more, visit www.accessnationalbank.com.

About Digital Intelligence Systems Corporation (DISYS)

DISYS is an ISO 9001:2008-certified IT staffing and consulting company serving Fortune 500 and other global-scale enterprises worldwide. A unique hybrid technical services firm that does more than merely fill staffing requirements, DISYS delivers strategic value by understanding and responding to a client's IT environment, problems and challenges either by assembling the most highly talented team for any job or delivering more comprehensive, cost-effective IT solutions. Incorporated in 1994 as a certified Minority Business Enterprise, DISYS is headquartered in McLean, Virginia, with offices and delivery locations worldwide. To learn more about DISYS, visit www.disys.com.
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