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Acxiom Corp. Sells IT Business for $190 million

Acxiom 160Acxiom, 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

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