CV Systems

About CV Systems

In 1977, long before the terms FinTech and SaaS became part of the common vernacular, founders Tom Chadwick and Doug Viereck started CV Systems in Houston, Texas. Their focus was on the foundational plumbing of the financial world: transaction processing. The company developed mission-critical software to run on mainframe computers, enabling banks to manage ATM and POS transactions, track disputes, and handle card management. This was the unglamorous but essential work that allowed the financial system to function reliably, 24/7. For decades, the company grew by providing robust, turnkey solutions directly to financial institutions. The playbook was simple: build in-house, customize for each client, and ensure maximum uptime and security. This strategy allowed them to work with some of the largest financial institutions, becoming a quiet but critical player in their data centers. A significant moment in the company's modern history came in 2016, when it took on a $20 million venture capital investment. This was followed by the strategic acquisition of CONIX Systems in June 2017, a move that broadened its product offerings for its financial clients. This infusion of capital and technology solidified its position in the market, showing that even in the age of cloud and mobile-first, the core transaction processing systems remain a vital and valuable part of the financial technology landscape.