Austin-based BuildGroup Invests $30 Million in CSDC Systems in Toronto

Austin-based BuildGroup announced Tuesday that it has invested $30 million in CSDC Systems, a software company based in Toronto, Canada.

CSDC Systems makes software for licensing, permitting, and compliance duties for local, state and federal governments hosted on its online platform. The company plans to use the money to support customer growth, product expansion, support services and more.

The company’s software helps governments and their agencies work more efficiently and effectively, according to the company.

“Governments are increasingly looking for modern technology solutions that can automate their business processes, increasing the efficiency of their work to save time and money. Also, they want to consolidate this functionality on a single platform if possible,” Dan Mishra, founder of CSDC Systems, said in a news release.

Lanham Napier, BuildGroup co-founder and former CEO of Rackspace, courtesy photo.

BuildGroup will serve in a supportive capacity to the company with a specific focus on growth and long-term strategic direction.

“We see a compelling opportunity to use modern cloud technology to radically change how governments are run, and believe that CSDC is in a position to lead this shift long term,” Lanham Napier, BuildGroup co-founder and former CEO of Rackspace, said in a news release. “We’re excited to help CSDC realize this vision, bringing the strong operational background of our partners to increase growth and profits. With CSDC’s established experience and innovation within the market, we believe the company can lead the needed technological transformation to modernize governments.”

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