Chuck Ursini, CEO & Co-Founder of System1, stated, “We welcome Court Square as our new equity partner and look forward to working with them. This investment will accelerate our product development, enhance support of our partners, and help us continue building the best team in Southern California.”
The investment follows a year of strong momentum for System1, having launched several new innovative product lines, successfully integrated its acquisition of InfoSpace, and opened new offices around the country.
“System1 is comprised of an inspiring group of talented and dedicated individuals, and we are excited for the entire team,” added Michael Blend, President and Co-Founder of System1. “We also want to thank The Raine Group, our early investors who were instrumental in helping us reach this point.”
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 215 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has approximately $5 billion of assets under management and is based in New York.