Infogroup has sold its OneSource business to Cannondale Investments, which is backed by GTCR. Financial terms were not announced. Concord, Mass.-based OneSource is an online platform that provides detailed information about companies and executives. Tolman Geffs and Amir Akhavan, of The Jordan, Edmiston Group, provided financial advice to Infogroup.
Infogroup, the leading provider of high‐value data and multichannel
marketing solutions, today 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
The Jordan, Edmiston Group, Inc. (www.jegi.com) of New York, NY, the leading independent investment
bank for the media, information, marketing, and technology sectors, represented Infogroup in this
transaction and acted as its exclusive financial advisor.
“Infogroup continues to focus on delivering the highest quality data products and services to third parties,
leveraging our proprietary data sets,” stated Michael Iaccarino, Chairman and CEO, Infogroup. “This sale
helps create strategic efficiencies for us as we continue in this direction, while also positioning OneSource
for an excellent future with Cannondale Investments.”
Earlier this year, Infogroup acquired GoTime Inc., 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.
“Building state of the art technology that enables our clients to meaningfully engage with their audience by
leveraging superior data solutions, compels us to pursue these opportunities,” stated Iaccarino. “We will
continue to invest in capabilities, such as GoTime and the expansion of our social data solutions through
our Market Intelligence acquisition earlier this year.”
Infogroup helps companies increase sales and customer loyalty through its high‐value data and innovative
multi‐channel digital and offline marketing solutions. Infogroup enables its clients – from local businesses
to Fortune 100 companies – to target, connect with and engage their most valuable audiences. With cutting
edge technology and analytics bolstered by its proprietary, real‐time Data Axle™ of contextually relevant
information on more than 230 million individuals and 24 million businesses, Infogroup delivers the
complete spectrum of value added data, direct and digital marketing solutions. For more information, visit
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