Acxiom Divests Its 2Touch Operation
May 30 2014 - 2:05PM
Business Wire
Acxiom® (Nasdaq: ACXM), an enterprise data, analytics and
software-as-a-service company, today announced that it has sold its
U.K. call center operation, 2Touch, to Parseq Ltd., a leading
European business process outsourcing service provider. Parseq is a
portfolio company of London based investment firm Parabellum
Capital, backed by Harbourvest Partners. The transaction represents
yet another step in Acxiom’s journey toward becoming a marketing
technology company with a clear vision and singular focus.
“The 2Touch sale provides an excellent opportunity for Acxiom to
focus on growing its core business in Europe, while allowing 2Touch
to realize its potential under a company dedicated to business
process outsourcing,” said Acxiom CEO and President Scott Howe.
“This divestiture allows Acxiom to maintain a strong portfolio and
concentrate on initiatives that further its vision of enabling
one-to-one targeted marketing at scale across all channels and
devices.”
2Touch Divestiture
Operating in the U.K., 2Touch is a multi-channel contact center
and fulfillment business. 2Touch previously comprised Acxiom’s
Other Services segment, as reported in Company filings.
In fiscal 2014, 2Touch generated revenue of approximately $35.3
million and contributed approximately $0.02 of earnings per diluted
share.
Acxiom will use proceeds from the sale for general corporate
purposes.
Fiscal 2015 Guidance
Acxiom’s fiscal 2015 guidance, provided on May 14, assumed that
2Touch would contribute revenue of approximately $36.0 million and
earnings per diluted share of approximately $0.02.
About Acxiom
Acxiom is an enterprise data, analytics and
software-as-a-service company that uniquely fuses trust, experience
and scale to fuel data-driven results. For over 40 years, Acxiom
has been an innovator in harnessing the most important sources and
uses of data to strengthen connections between people, businesses
and their partners. Utilizing a channel and media neutral approach,
we leverage cutting-edge, data-oriented products and services to
maximize customer value. Every week, Acxiom powers more than a
trillion transactions that enable better living for people and
better results for our 7,000+ global clients. For more information,
please visit www.acxiom.com.
Forward-Looking Statements
This release may contain forward-looking statements including,
without limitation, statements concerning the disposition of 2Touch
and the use of proceeds generated therefrom. Such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially. The following
factor, among others, could cause actual results to differ
materially from these forward-looking statements: the possibility
that the anticipated benefits from the disposition may not be fully
realized or may take longer to realize than expected.
We undertake no obligation to update the information contained
in this press release or any other forward-looking statement.
Acxiom is a registered trademark of Acxiom Corporation.
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Acxiom CorporationInvestor Relations:Lauren Russi,
650-372-2242investor.relations@acxiom.comorPublic
Relations:Ines Gutzmer,
404-434-0237ines.gutzmer@acxiom.comEACXMGACXM
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