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.
JEGI CLARITY (www.jegiclarity.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.”
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 CLARITY brought to the process were instrumental in meeting each of these goals.Kevin O’Brien, Managing Director, CCMP Capital Advisors