Austin-Tetra
Secures $3.5 Million in Financing
Growing Data Firm Plans
to Double U.S. Sales Force,
Ratchet Up Marketing
Efforts
IRVING, Texas – June 23, 2005 – Even
the best products in the world don’t
sell themselves.
With this in mind, Austin-Tetra has secured
a $3.5 million investment largely dedicated
to new
sales and marketing efforts for the company’s
industry-leading suite of data management
products and services.
Southwest Mezzanine Investments,
an affiliate of Growth Capital Partners, L.P.
(GCP),
led Austin-Tetra’s second round of funding.
Austin-Tetra previously received $600,000 from
angel investors in 2000.
We are very excited
about our investment in Austin-Tetra,” said
Jim Forrester,
managing partner of GCP’s Southwest Mezzanine
Fund. “The company’s proprietary
database
and solutions have the potential to become
the de facto standard for business data management
in
North America, Asia/Pacific and Europe.”
Austin-Tetra
provides global data management solutions for
the supplier and customer
intelligence market. The firm helps its clients,
which are primarily large companies and
institutions, to access and analyze the data
they need to make informed business decisions,
reduce costs and minimize risk.
“We are pleased to have GCP as a partner,” said
Phil Berkebile, Jr., president and chief
executive officer of Austin-Tetra. “Their
experience can help us significantly increase
our
market share in the rapidly evolving business-to-business
data management market. This
additional funding will allow us to move faster
and grow our customer base. It will also enable
us to quickly meet our customers’ needs
with enhancements to our products and services.”
Austin-Tetra plans to double the size of its
sales staff, in addition to doubling the
company’s marketing initiatives. As a
result, the firm will dramatically increase
the geographic
coverage of its sales team in the United States.
“We’ve
already developed a stable of happy clients,
including more than 200 of the
FORTUNE 1000. These companies generate significant
return-on-investment with our products
and services,” Berkebile said. “Now
it’s time to take those success stories
deeper into the
marketplace and win an even broader base of
clients that can benefit from our proven solutions.”
With headquarters in Irving, Texas, Austin-Tetra
has been a leader in global data management
since 1993. The company offers some of the
most comprehensive content-based management
solutions in the market. Austin-Tetra sells
its services to the largest companies in the
world
addressing the data requirements of global
supplier management, strategic sourcing and
customer relationship management. Austin-Tetra’s
coverage includes more than 50 million
global businesses. Its solutions validate,
enhance and enrich information on existing
suppliers
and customers and enable the identification
of new ones. The company’s services provide
customers with enterprise-wide visibility into
their trading partner base, enabling thorough
analysis to help mitigate business risk, leverage
buying power to reduce supply costs and
maximize revenue generating opportunities.
For more information, visit the company’s
web site
at www.austintetra.com.
Growth Capital
Partners, L.P. is a Southwest-based merchant
and investment banking firm
serving both private and public middle-market
companies. Since the firm’s inception
in 1992,
GCP has completed in excess of 200 transactions,
raised more than $1 billion of institutional
capital (through private placements of equity,
subordinated, and senior debt), and completed
merger and acquisition transactions with an
aggregate value in excess of $2.0 billion.
For more
information, please visit the company’s
web site at www.growth-capital.com.
Growth Capital Partners,
L.P. Securities offered through GCP Securities,
Inc. member FINRA – SIPC
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