New Era Begins for Acxiom IT Outsourcing Business
August 03 2015 - 8:00AM
Business Wire
Sale to Charlesbank Capital Partners and M/C
Partners Complete
Acxiom IT Outsourcing, LP (Acxiom ITO) today announced that its
sale to Charlesbank Capital Partners (Charlesbank) and M/C Partners
was completed on July 31, 2015. Jeff VonDeylen has been appointed
Chief Executive Officer and will be responsible for driving the
company’s growth and long-term returns for stakeholders.
“Our focus will always be on our customers and their
satisfaction,” said VonDeylen. “Over the next 90 days, I will spend
considerable time with our customers – some of whom have been
customers for over 15 years – to better understand their needs so
that we can continue to deliver services that help them be
successful. We will also unveil a detailed plan for growth,
including investments across various areas of the business. And we
will launch a new brand, including a company name. It’s an exciting
time to be joining Acxiom ITO and an even more exciting time for
our current employees, who will now have a greater ability to
impact the future of this organization.”
Ryan Carroll, a Managing Director at Charlesbank, said “As a
standalone company with a focused, well-capitalized shareholder
group, highly experienced leadership team, and passionate, talented
employees, Acxiom ITO is well-positioned for success. Charlesbank
and our partner, M/C Partners, feel confident that the company will
exceed the expectations of customers, employees and suppliers in
the months ahead.”
Gillis Cashman, Managing Partner at M/C Partners, added, “Acxiom
ITO has built a solid business with an impressive portfolio of
clients. We are excited to begin this partnership and to provide
financial and operational resources to facilitate Acxiom ITO’s
growth and continued success.”
Jeff VonDeylen joins Acxiom ITO from Savvis, a CenturyLink
Company, where he spent 12 years, most recently as President of the
Hosting Business. He brings nearly 30 years of experience across a
range of functional areas including finance, operations, and client
services, as well as knowledge in various vertical industries. He
has spent his career building customer-centric, high growth
businesses.
About Acxiom IT Outsourcing, LP
Acxiom ITO provides IT services that help clients deliver
better, faster, more cost-effective results. Our services extend
across all platforms to meet a variety of needs. We pride ourselves
on delivering superior customer service and innovative solutions
that enable our customers’ success. Acxiom ITO has been recognized
in the top 3 for mainframe outsourcing by a leading analyst firm.
For 46 years, companies that require high-performance, secure,
reliable IT have turned to Acxiom ITO and remained loyal clients –
some for over 15 years. To learn more, please visit www.acxiomIT.com.
About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a
middle-market private equity investment firm managing more than $3
billion of capital. Charlesbank focuses on management-led buyouts
and growth capital financings, generally investing $50 million to
$150 million per transaction in companies with enterprise values of
$100 million to $750 million. The firm seeks to partner with strong
management teams to build companies with sustainable competitive
advantage and excellent prospects for growth. For more information,
visit www.charlesbank.com.
About M/C Partners
M/C Partners is a private equity firm focused exclusively on the
communications, media, and information technology sectors. The firm
has invested over $1.5 billion into nearly 100 companies in those
sectors. Companies M/C has backed include Fusepoint, ICG
Communications, Involta, Legendary Pictures, Lightower, MetroPCS,
and Zayo Group. The firm has strong institutional backing from the
nation’s leading pension funds and endowments as well as a long
track record of success. M/C Partners has offices in Boston and San
Francisco. For more information, visit www.mcpartners.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150803005074/en/
Acxiom IT Outsourcing, LPJane Vitro,
630-944-0226jvitro@acxiom.com
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