DOWNERS GROVE, Ill.--(BUSINESS WIRE)--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.