In 1993 when David Barnett and Gregg Alwine (who joined him in 2001) first launched Corsis, they had an idea that they expected would lead to creating a sustainable business that would continue to grow stronger with every challenge that came their way. Over the years, from the crash to the horrific 9/11 tragedy to the recession of 2008, and every other political or natural disaster that arrived on the scene, each time they faced a situation, they learned from it.

A brief history and overview

The company is based on a unique technology platform created by the founders that streamlines the technology due diligence process for any company that is preparing for a sale, merger or any equity event. The Corsis data-powered software platform scores technology operations for risk and compliance, revolutionizing the way companies make investment decisions.

From private equity firms to investment bankers to business owners, clients can depend on Corsis’s data for an accurate assessment of their assets.

Corsis is used in a variety of scenarios including, but not limited to, buy-side and sell-side technology due diligence, healthcare compliance assessments, regulatory and compliance preparation, and technology planning and advisory. In the Merger & Acquisition space, Corsis is regularly used by private equity firms for transactions in sectors ranging from healthcare, technology, finance, and ecommerce to manufacturing and other industries.

As a result of their broad approach and deep capabilities, Corsis has universal appeal in today’s world where every successful company must have an effective technology platform in order operate efficiently. 

Their quick access to critical data gives them a strong competitive advantage. 

For over five years the Corsis leadership team has used their standardized process to help thousands of companies across all industries, with an aggregate deal value of above $30 billion.  Along the way they have amassed huge amounts of proprietary data that gives them the ability to benchmark a company against its industry peers of similar size so as to create a bell curve comparison that is essential for smart decision making.

Life during Covid-19 presents challenges

Millions of large and small companies around the world have been upended by the pandemic of 2020. While many were not at all prepared for the demands brought by social distancing, Corsis had made the move to organize as a virtual company years before. With small offices in Livingston, New Jersey; Boca Raton, Florida; and New York City and the majority of their staff working from homes across the country, they had already created an internal communication network based on technology tools like Zoom to stay in touch, work productively, and maintain a strong culture. Although some tweaking needed to be done to accommodate employees who found themselves homeschooling during the current crisis, nonetheless no deep reinventing needed to take place - which has given them a considerable advantage!

Externally, they also made a sincere commitment to continue serving their clients and the marketplace with the cutting edge data needed for them to remain competitive through the challenges of the global pandemic.

As a data-rich company, they had the benefit of being able to reach out to clients, as well as prospective client, with an important message: “We can provide you with a relevant road map that will help guide your next steps. By analyzing the details that support best practices, they are able to connect with business owners and private equity professionals and offer to help them become more effective under these most trying circumstances. 

Relying on the numbers to seek solutions

Instead of the typical “How are you doing?” email outreach, at Corsis they have been able to step up during the corona virus outbreak to go beyond common courtesy by leveraging real time information.  With this level of facts and figures available to them, management teams can successfully drive new, innovative attitude, while learning how to foster nimble and flexible cultures that embrace change.

Back on track

Sticking to their basic expertise, continuing to strive for great excellence, and identifying new ways of helping the business community fight back, have all helped Corsis recover to the volume of business generated pre-Covid.