CentralSquare Technologies, a private equity brainchild that makes software for the likes of emergency dispatchers and jails, has finally found stability after a rocky few years.
The software developer, formed via a three-company merger in 2018, has overcome “tremendous integration issues” and Covid-19 headwinds to improve its financial performance, S&P Global Ratings said in a note. A measure of CentralSquare’s operating profit grew nearly 10% to the mid-20% range as of the second quarter. S&P lifted the company’s credit rating one notch to CCC+ last week.
CentralSquare is owned by Bain Capital and Vista Equity Partners. The ...
