TA Associates Joins Backers of Computer Services in a Bet on Community Banks

Growth investor TA Associates is joining backers of financial technology company Computer Services, betting on the growing importance of digital products and support for community banks.

The transaction values the company at more than $2 billion, according to a person familiar with the deal. Computer Services Chief Executive David Culbertson confirmed the valuation and that TA’s investment represents about 30% of the company’s equity.