CPAS Systems completes sale to Xerox
August 13, 2013
On August 13, 2013, Xerox announced its acquisition of CPAS Systems Inc. for an undisclosed amount.
CPAS Systems, headquartered in Toronto, is a provider of pension administration software to the private and public sectors. CPAS software simplifies administration and record keeping for defined benefit, defined contribution and hybrid retirement savings plans, as well as for health, welfare and group life insurance premiums. Its platform is used to manage pensions for more than 2 million people in the United States, Canada, Europe, Asia, Africa and the Caribbean.
Xerox, headquartered in Norwalk, Connecticut, is a global business process and document management company.
McCarthy Tétrault LLP represented CPAS Systems, the target with a team led by George Takach.