Acxiom, an enterprise data, analytics and software-as-a-service company, announced that it has entered into a definitive agreement to sell its IT Infrastructure Management business (Acxiom IT) to Charlesbank Capital Partners and M/C Partners for total cash consideration of up to $190 million.
The sale is expected to close in the second quarter of fiscal 2016, following the satisfaction of regulatory requirements and other customary closing conditions.
Ryan Carroll, a Managing Director at Charlesbank, stated: “We are excited about the opportunity to work with Acxiom and our partner, M/C Partners, to provide the financial and operational resources to facilitate Acxiom IT’s growth and continued success.” “M/C and Charlesbank are committed to supporting the Company’s mission of providing solutions that help its clients deliver better, faster and more cost-effective results,” said Gillis Cashman, a Managing Partner at M/C Partners.
Source: Littlerock.thv11.com
