9/30/2005 - TA Associates, a leading buyout and private equity firm, announced that it has completed a $60 million minority investment in Vienna, Virginia-based TARGUSinfo, the leading provider of On-Demand Data, which helps companies optimize every interaction - whether it is over the phone, online or in-store.
TARGUSinfo employs a series of patented processes to link data from a variety of telephone-number-based sources and associates this data instantly to provide universal and current consumer and business information. The company links virtually every phone number, name and address in North America with additional comprehensive data. Added to this precise core is relevant information such as demographics, phone type, caller location, purchase propensity scores, verification confidence scores and risk assessment factors to help power On-Demand Decisions, optimize CRM applications and reduce costs.
The company's clients include hundreds of industry leaders, including FedEx, Alltel, AOL, Goodyear, General Electric, Jenny Craig, Revlon, Sprint, Starz Encore and TicketMaster.
"We welcome this opportunity to partner with TA Associates," said George Moore, CEO, TARGUSinfo. "With TA's long history of helping profitable companies accelerate growth, and its management-friendly approach, we are confident that this will be a very successful collaboration."
"We are very pleased to make this investment in TARGUSinfo," said David Lang, a Managing Director at TA Associates who will join the company's Board of Directors. "The company offers many compelling positives, including a recurring revenue, high operating leverage business model and solid long-term performance. We look forward to working closely with founders George Moore and Jim Shaffer and their experienced management team to further build the value of TARGUSinfo."
TARGUSinfo is experiencing significant growth in all of its business segments, including automated address capture, calling-party name display, consumer and business information verification as well as intelligent call routing.
Part of the TA investment will be used to acquire the patent portfolio of Murex Securities, a patent development and licensing company. The patent portfolio broadly covers the area of the provision of On Demand Data across a telecommunications network.
TA has more than 37 years of investing experience, focusing on profitable, growth-oriented companies. TA has invested over $1 billion in the business services sector, including investments in Asurion, Boron LePore, C&S Marketing, Chartered Marketing Services, Federal Express and Payment Services Company.
Goodwin Procter LLP served as legal counsel for TA Associates. Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel to TARGUSinfo.
Since its founding in 1993, TARGUSinfo has pioneered the development of On-Demand Data to help companies optimize every interaction - whether it is over-the-phone, online or in-store. The result is more effective and productive interaction measured by higher conversion rates and greater buying frequency, as well as greater operational efficiency. The company links virtually every phone number, name and address in North America with additional, comprehensive data. Added to this precise core is relevant information such as demographics, phone type, caller location, purchase propensity scores, verification confidence scores and risk assessment factors to help power On-Demand Decisions. A privately-held company, TARGUSinfo is headquartered in Vienna, Virginia.
Founded in 1968, TA Associates is one of the largest and most experienced private equity firms. With offices in Boston, Menlo Park and London, the firm manages over $6 billion in capital and has invested in more than 360 companies. TA Associates provides capital for buyouts and leveraged recapitalizations and growth equity capital for technology, financial services, business services, consumer and healthcare businesses.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: