Portico Capital Advises Argus on an Investment Led by Oak Investment Partners
July 31, 2007
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 team to accelerate the growth of the business."
Searcy Dryden, Managing Director and Group Head of Risk Management for Portico Capital, added: "Argus has been a true leader in creating differentiated, risk relevant subscription data and analytics products to the financial services community. As Argus seeks to expand its suite of offerings, Oak's industry expertise and experience should help accelerate growth into new markets, as well as expand penetration within the current client base." Portico Capital Securities served as the exclusive financial advisor to Argus on the transaction. About Portico Capital Securities, LLC
Established in 2000, Portico Capital Securities is the leading merchant bank with an exclusive focus on the Information and Business Services industry. Portico provides M&A and private capital financing advisory services to the leading private and public growth companies in this Industry. For more information about Portico Capital’s services, transactions and experience, please visit http://www.porticocapital.com
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