The Central Valley Fund, a private investment firm focused on mid to later stage Central Valley companies, today announced a mezzanine investment of $1.65M in Administrative Systems, Inc. ("ASI").

The capital will be used by ASI to help finance its strategic growth initiatives, including the launch of ASIOne, a next generation, web-based Benefits Payments solution.

ASI provides employee benefits disbursement software and service solutions to many of the nation's major financial institutions and unions. In 2006, ASI processed over $12 billion in employee benefit payments for its clients.

Gillian Parrillo
The Sacramento Executive