DiscoverOrg Announces Strategic Investment from The Carlyle Group
15 March 2018 - 3:00AM
DiscoverOrg, the leading sales and marketing intelligence provider,
announced today that it has completed a strategic minority
investment by global alternative asset manager The Carlyle Group
(NASDAQ:CG), along with additional investment to come from
22C Capital. TA Associates will maintain a significant equity stake
in DiscoverOrg.
Patrick McCarter, Carlyle’s Co-Head of U.S. Buyout Technology,
Media & Telecom and Managing Director, said, “The DiscoverOrg
team has built the industry-leading intelligence platform for sales
and marketing teams across the globe. Consistent revenue generation
requires accurate and actionable data, and that is what DiscoverOrg
delivers. We are delighted to partner with the management team to
accelerate growth and foster innovation."
Todd Crockett, TA’s Co-Head of the North America Services Group
and Managing Director, added, “Since the start of our partnership
with DiscoverOrg in 2014, the Company has consistently executed
against its growth strategy and positioned itself as a clear leader
in the middle of the large and fast-growing sales and marketing
technology market. We are thrilled to partner with Carlyle to build
upon that foundation and support DiscoverOrg in its next chapter of
growth.”
Randall Winn, 22C Capital Managing Member and former CEO of
Capital IQ, noted, "We are exceptionally pleased to have been
involved in DiscoverOrg’s success over the last few years as the
team has built a truly unique data platform and developed into a
world-class company. We are excited to be in a position
to continue to work with DiscoverOrg and invest in Henry's
vision."
Henry Schuck, DiscoverOrg CEO, said, “The confidence that
Carlyle, TA, and 22C have shown in DiscoverOrg is a testament to
the incredible value that we are creating for sales and marketing
teams everywhere.”
DiscoverOrg’s award-winning sales intelligence platform is
designed to provide highly accurate data and insights that sales
and marketing teams need to zero in on their unique target market,
prioritize accounts and contacts based on likelihood to purchase,
and engage the right buyer at the right time with the right
conversation – leading to more customers and faster revenue
growth.
Equity for the investment came from Carlyle Partners VI, a $13
billion U.S. buyout fund. Raymond James & Associates and
Cascadia served as financial advisors to DiscoverOrg. Goodwin
Procter LLP served as legal advisors to DiscoverOrg and TA
Associates. Debevoise & Plimpton served as legal advisors
to Carlyle.
About DiscoverOrg
DiscoverOrg is the leading global sales and marketing
intelligence tool used by over 4,000 of the world’s fastest growing
companies to accelerate growth. The company itself has been named a
Deloitte Fast 500 company 2 years in a row and an Inc. 5000
fastest-growing company seven times. DiscoverOrg’s award-winning
solutions provide a stream of accurate and actionable company,
contact, and contextual buying intelligence that can be used to
find, connect with, and sell to target buyers more effectively –
all integrated into the leading CRM, Marketing Automation, and
Sales Acceleration tools in the market. Data is gathered and
updated through DiscoverOrg’s proprietary combination of
technology, tools, and integrations and then verified by an
in-house research team – resulting in the highest guaranteed level
of accuracy available across B2B sales and marketing data
providers. For more information, visit www.discoverorg.com
About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset
manager with $195 billion of assets under management across 317
investment vehicles as of December 31, 2017. Carlyle’s purpose is
to invest wisely and create value on behalf of its investors, many
of whom are public pensions. Carlyle invests across four segments –
Corporate Private Equity, Real Assets, Global Credit and Investment
Solutions – in Africa, Asia, Australia, Europe, the Middle East,
North America and South America. Carlyle has expertise in various
industries, including: aerospace, defense & government
services, consumer & retail, energy, financial services,
healthcare, industrial, real estate, technology & business
services, telecommunications & media and transportation. The
Carlyle Group employs more than 1,600 people in 31 offices across
six continents. More information about The Carlyle Group can be
found at www.carlyle.com
About TA Associates
Now in its 50th year, TA Associates is one of the largest and
most experienced global growth private equity firms. Focused on
five target industries – technology, healthcare, financial
services, consumer and business services – TA invests in
profitable, growing companies with opportunities for sustained
growth, and has invested in nearly 500 companies around the world.
Investing as either a majority or minority investor, TA employs a
long-term approach, utilizing its strategic resources to help
management teams build lasting value in growth companies. TA has
raised $24 billion in capital since its founding in 1968, and is
investing out of current funds of $7.25 billion. The firm’s more
than 80 investment professionals are based in Boston, Menlo Park,
London, Mumbai and Hong Kong. More information about TA Associates
can be found at www.ta.com.
About 22C Capital
22C Capital is a principal investment firm committed to
delivering capital and critical resources to companies operating at
the intersection of technology enablement and data analytics
adoption. The firm has a dedicated focus on the business services,
healthcare and financial services sectors. 22C partners with
world-class management teams to build companies that are leaders in
their respective markets. The firm’s operational and technology
resources, including its affiliated data science organization,
deliver practical, real-world support to help convert businesses’
challenges into opportunities and unlock their full potential. For
more information, go to www.22ccapital.com
Media Contact:Katie Bullard DiscoverOrg pr@discoverorg.com
1-800-914-1220
Carlyle (NASDAQ:CG)
Historical Stock Chart
From Apr 2024 to May 2024
Carlyle (NASDAQ:CG)
Historical Stock Chart
From May 2023 to May 2024