PLAINFIELD, Ill. & PALO ALTO, Calif.--(BUSINESS WIRE)--Infutor Data Solutions, a privately-held on-demand data solution provider, announced today that it has received a large strategic investment led by the growth equity team at Norwest Venture Partners, a global multi-stage investment firm with more than $6 billion in capital under management.
This investment will catapult further product innovation and capital investments to drive growth and expansion in current and new markets within the information services industry. As part of this transaction, Norwest’s General Partner, Jon Kossow and Vice President, Ran Ding and data industry executive, David Garcia, who previously held senior sales roles with First Advantage, IRI and GS1 US, will join Infutor President and CEO Gary Walter on the board of directors.
"Today’s investment from Norwest underscores the evolution and continued success of our company as a leader in the information services marketplace,” explains Gary Walter, President and CEO of Infutor. “Our team has worked relentlessly to grow rapidly and outpace market growth over the last five years, build new and innovative products, and expand into new verticals. The investment will help drive our company to the next phase of growth through further product development, industry expertise, and access to key resources.”
Infutor is one of the fastest-growing businesses in the information services industry, offering access to the most diverse and dynamic set of data sources. Infutor’s data assets, combined with feature-rich products and solutions, are delivered through powerful and flexible technology platforms. Large retail, financial services, marketing, automotive, fraud prevention, and call center enterprises rely on Infutor’s agile data solutions to drive risk mitigation and marketing initiatives, including identity verification and completion, TCPA compliance, advanced marketing segmentation, online to offline consumer intelligence, and customer data integration.
“With our history of investing in large data and software companies, we continually monitor the information services industry. Infutor immediately stood out to us based on the quality and agility of the company’s solutions as well as its strong sustained growth and exceptional leadership team,” said Jon Kossow, general partner at Norwest. “Infutor is uniquely positioned to drive disruptive growth across a large array of market verticals, and we look forward to helping with this next phase of strategic growth.”
Dresner Partners acted as the exclusive financial advisor to Infutor Data Solutions.
About Infutor Data Solutions
Infutor provides world-class data solutions for businesses to most accurately identify key consumer information, powering them to make critical, strategic business decisions. These data solutions are made available on premise, on-demand in real-time, and through automated batch and query platforms, which provides businesses with full control over the type of data they need, exactly when they need it.
Infutor, which provides its services to many of the nation’s top financial service providers, retailers, non-profits, marketing agencies, and call centers, has seen significant revenue growth over the past five years and looks to expand new and innovative real-time data-driven solutions to the market.
About Norwest Venture Partners
Norwest Venture Partners is a global venture capital and growth equity investment firm that manages more than $6 billion in capital. The firm targets early to late stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. Headquartered in Palo Alto, Calif., Norwest has offices in San Francisco and New York, and subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. The firm has funded more than 600 companies since inception. For more information, please visit http://www.nvp.com. Follow Norwest on Twitter @NorwestVP.