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Weekly News Digest

March 11, 2010 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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InfoGROUP to Be Acquired by CCMP Capital

InfoGROUP (www.infogroup.com), a provider of data-driven and interactive resources for targeted sales, marketing, and research solutions, announced it has entered into an agreement to be acquired by affiliates of CCMP Capital Advisors, LLC (www.ccmpcapital.com) in a transaction with a total value of approximately $635 million, including the refinancing of InfoGROUP's outstanding indebtedness. CCMP plans to take InfoGROUP private after the deal is completed. InfoGROUP's shares currently trade on the Nasdaq market.

The agreement was unanimously approved by the InfoGROUP board of directors. Under the agreement, InfoGROUP shareholders will receive $8 in cash for each share of InfoGROUP common stock they hold. The transaction is anticipated to close early this summer, subject to the approval of InfoGROUP shareholders, regulatory approvals, and customary closing conditions.

Kevin O'Brien, CCMP capital managing director, says, "CCMP has extensive experience in direct marketing and business services. We believe our proprietary operating expertise together with targeted investments in people and systems can help Infogroup accelerate its drive toward higher value-added, ‘end-to-end' marketing services and extend its market leadership."

InfoGROUP, which is based in Omaha, Neb., and is formerly known as InfoUSA, owns more than 30 companies, including InfoUSA, OneSource, Salesgenie, Walter Karl, and Edith Roman, as well as email service provider Yesmail and demographic research company Opinion Research Corp.

Source: InfoGROUP



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