Infogroup announced the sale of its OneSource business to Cannondale Investments, a Connecticut based platform company focused on acquiring data-enabled information services in partnership with GTCR, a Chicago based private equity firm. The terms of the transaction were not disclosed.
Earlier this year, Infogroup acquired GoTime Corporation, whose modern architecture and capabilities have further established Infogroup as the market leader in near real-time data delivery, particularly in local, social, and other unique data assets.
The sale of OneSource to Cannondale Investments was effective October 1, 2012. New York based Weil, Gotshal and Manges LLP served as legal advisors for the transaction. The Jordan, Edmiston Group, Inc. of New York, NY, a leading independent investment bank for technology, media and marketing, represented Infogroup as its exclusive financial advisor.
Source: Infogroup Press Release