By Allan Maurer

VIENNA, VA – NeoSystems Corp., a company selling managed accounting, financial, and contract management services to government contractors and non-profit organizations, has raised $5.1 million from Salem Halifax Capital Partners and Access National Bank.

This is the first outside financing transaction for NeoSystems. The company was originally financed with founder and CEO Michael Tinsley’s savings, a home equity loan, and some credit card debt.

The company, founded in 2000, says it will use the working capital to acquire and customize software products to expand its service offerings.

Specifically, the company says it will use to the funds to acquire a policy and procedures tool to promote ethical business; a contract automation tool; and a document management system that interacts with Deltek products.

In addition, NeoSystems is evaluating
strategic growth opportunities through the acquisitions of firms serving the not-for-profit sector.

The 99-employee company will be hiring on the heels of its new financing.

Kevin Jessup, Principal of Salem Halifax Capital Partners said, “NeoSystems has a unique
business model which delivers excellent value to government contractors, particularly
entrepreneurial and mid-size ones.

“Its focus on efficiently addressing accounting and financial management costs and helping companies meet government compliance standards is in great demand.

“NeoSystems’ typically helps companies to save significant amounts on these areas while they are better able to focus on their core business objectives – meeting contract requirements.”

The company is employee-owned.

Online: www.neosystemscorp.com

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