OMAHA, Neb., Oct. 2, 2012 (GLOBE NEWSWIRE) -- 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.
"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 Corporation, 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."
The sale of OneSource to Cannondale Investments was effective October 1, 2012. New York based Weil, Gotshal and Manges LLP served as legal advisors for the transaction. The Jordan, Edmiston Group, Inc. of New York, NY, a leading independent investment bank for technology, media and marketing, represented Infogroup as its exclusive financial advisor.
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 our 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, please visit www.infogroup.com.
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