Argus Information & Advisory Services, a White Plains, N.Y.-based provider of scoring solutions and advisory services to financial institutions, has raised an undisclosed amount of private equity funding from Oak Investment Partners. Portico Capital Securities advised Argus on the transaction.
PRESS RELEASE
Argus Information & Advisory Services announced today that it closed a significant investment led by Oak Investment Partners, a leading growth equity firm with a 30-year history of investing in high growth industry innovators. The investment will be used to expand Argus' product offering, develop its international presence, enhance its technology platform, and expand its workforce to support its growing client base.
“We are very excited to be partnering with Oak,” stated Len Laufer, the Founder and Chief Executive Officer of Argus Information & Advisory Services. “The depth of the Oak team along with their longstanding track record in venture capital will enable us to accelerate our growth.”
“Oak is one of the most respected venture capital firms in the world, and its investment in Argus is certainly a strong statement of confidence in our future,” stated Argus Co-Founder and President Michael Heller.
According to Ann H. Lamont, a Managing Partner at Oak Investment Partners, “Argus is uniquely positioned in that it provides proprietary analytics and services to its financial service industry customers that enable them to make important strategic marketing and cardholder decisions. The company has developed a robust service offering with many existing and developing applications across the financial services industry and we are excited to partner with an experienced senior management to accelerate the growth of the business.”
Portico Capital Securities served as the exclusive financial advisor to Argus on the transaction.
About Argus Information & Advisory Services, LLC
Argus Information & Advisory Services, LLC provides information, scoring solutions and advisory services to financial institutions. Argus clients include the largest credit card issuers and largest consumer financial services providers. Argus products and services assist financial institutions in making marketing and risk management decisions. Argus helps these institutions manage the tradeoffs among price, product, risk and customer behavior along the customer lifecycle to increase profitability. Founded in 1997 with seed capital from and in collaboration with MasterCard International, Argus has been fully independent from MasterCard International since 2002. Argus is based in
For more information, please visit the company's web site at www.argusinformation.com
About Oak Investment Partners
Oak Investment Partners is a multi-stage venture capital firm with a total of $8.4 billion in committed capital. The primary investment focus is on high growth opportunities in communications, information technology, financial services information technology, Internet new media, healthcare services, and consumer retail. With a 30-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 450 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets, and provided growth equity to mid- and late-stage private businesses and to public companies through PIPE investments. Oak has helped innovators exploit new business opportunities and anticipate trends through long-term relationships that endure the changing economic landscape. Our accomplishments can be best recognized through the success of our companies and the ability to deliver consistent performance over time.
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