JEGI Represents Infogroup in Sale of OneSource to GTCR/Cannondale Investments
New York, NY October 2, 2012 Infogroup, the leading provider of high-value data and multichannel marketing solutions, today announced the sale of its OneSource business to Cannondale Investments, a Connecticut-based platform company focused on acquiring data-enabled information services in partnership with GTCR, a Chicago-based private equity firm. The terms of the transaction were not disclosed.
The Jordan, Edmiston Group, Inc. (www.jegi.com) of New York, NY, the leading independent investment bank for the media, information, marketing, and technology sectors, represented Infogroup in this transaction and acted as its exclusive financial advisor.
“Infogroup continues to focus on delivering the highest quality data products and services to third parties, leveraging our proprietary data sets,” stated Michael Iaccarino, Chairman and CEO, Infogroup. “This sale helps create strategic efficiencies for us as we continue in this direction, while also positioning OneSource for an excellent future with Cannondale Investments.”
Earlier this year, Infogroup acquired GoTime Inc., whose modern architecture and capabilities have further established Infogroup as the market leader in near real-time data delivery, particularly in local, social, and other unique data assets.
“Building state of the art technology that enables our clients to meaningfully engage with their audience by leveraging superior data solutions, compels us to pursue these opportunities,” stated Iaccarino. “We will continue to invest in capabilities, such as GoTime and the expansion of our social data solutions through our Market Intelligence acquisition earlier this year.”
About Infogroup
Infogroup helps companies increase sales and customer loyalty through its high-value data and innovative multi-channel digital and offline marketing solutions. Infogroup enables its clients – from local businesses to Fortune 100 companies – to target, connect with and engage their most valuable audiences. With cutting edge technology and analytics bolstered by its proprietary, real-time Data Axle™ of contextually relevant information on more than 230 million individuals and 24 million businesses, Infogroup delivers the complete spectrum of value added data, direct and digital marketing solutions. For more information, visit www.infogroup.com.
About OneSource Information Systems
OneSource provides online business information and sales intelligence solutions. The company has two core products, which are Business Browser and iSell. On top of its core information solutions, it provides application integration, data analysis, and research and business consulting services. The company serves technology, software, business and financial services, consulting, and recruitment sectors. OneSource was formerly known as Lotus OneSource and changed its name in 1993. The company was founded in 1986 and is based in Concord, Massachusetts, with additional offices in Austin, Texas; London, United Kingdom; Sydney, Australia; Wan Chai, Hong Kong; Singapore; and Gurgaon, India. For more information, visit www.onesource.com.
About Cannondale Investments
Cannondale Investments, headquartered in Wilton, Connecticut, acquires and invests in data-enabled information and marketing services businesses focusing on collaboration with management in developing and implementing transformational strategies. For more information, visit www.cannondaleinvestments.com.
About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Information Services & Technology, Financial Services & Technology and Healthcare industries. The Chicago-based firm pioneered the “Leaders Strategy” – finding and partnering with management leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $10.0 billion in over 200 companies. For more information, visit www.gtcr.com.
About The Jordan, Edmiston Group, Inc.
The Jordan, Edmiston Group, Inc. (JEGI) of New York, NY, the leading provider of independent investment banking services for the media, information, marketing and technology sectors, is celebrating its 25th anniversary in 2012. Since 1987, JEGI has completed more than 500 high‐profile M&A transactions for global corporations; middle-market and emerging companies; entrepreneurial owners; and private equity and venture capital firms. For more information, visitwww.jegi.com.
“It was important to Infogroup that the divestiture of OneSource meet multiple goals – the right sale terms, the right timing, and the right go-forward relationship. The preparation, management, patience and advice that JEGI brought to the process were instrumental in meeting each of these goals.”
– Kevin O’Brien, Managing Director, CCMP Capital Advisors