Palladium Equity Partners Announces Investment
New York, NY USA - 04/22/2008Palladium Equity Partners, LLC, a New York-based private equity firm, announced today that it has made a significant investment in Carpio, a global provider of business systems’ solutions headquartered in the Research Triangle Park in North Carolina. The Company provides technology solutions, software and services for mid-sized businesses throughout the Americas.
Gary D. Nusbaum, Managing Director of Palladium, said, “I first invested behind Marco Fregenal more than a decade ago and have long been impressed by his drive, business judgment, and entrepreneurial spirit. Palladium is pleased to be an investor in Carpio and proud to call Marco Fregenal our partner. We are excited about the opportunity to build Carpio into a world-class software and services company.”
Marco Fregenal, Founder, President and CEO of Carpio, said, “I am excited to join forces with Gary Nusbaum and Palladium Equity Partners. I began working with Gary over 12 years ago and it has been a long and fruitful relationship. Gary and the Palladium team bring many years of experience helping companies grow. More importantly, they recognize the challenges young companies face and are eager to help. Having Palladium as a partner will be an enormous asset as we expand our business both in the US and Latin America.”
The Palladium investment in Carpio will fund several acquisitions, additional infrastructure, and the hiring of key staff to support Carpio’s growth in both the United States and Latin America. Carpio is a provider of financial performance software and a wide range of related IT services using its dual-shore delivery capabilities.
About Palladium Equity Partners
Palladium Equity Partners, LLC is an investment firm targeting companies in media, business and financial services, consumer/retail, food/restaurants, healthcare and manufacturing. Palladium has a particular focus on companies that are well-positioned to capitalize on the fast-growing U.S. Hispanic market. The principals of Palladium have invested over $2.5 billion of equity in more than 50 portfolio companies over the last two decades. Formed in 1997, Palladium currently has capital under management in excess of $1 billion. For more information, please visit www.palladiumequity.com.About Carpio
Carpio is a global provider of business systems’ solutions headquartered in Research Triangle Park, NC with operations in USA, Brazil, Mexico and Panama. Carpio is focused on delivering operational and financial efficiencies through its specialized software and service offerings. Carpio’s software products improve budgeting, planning, forecasting, modeling, consolidation, and reporting. Carpio also provides a wide range of IT services via its dual-shore delivery approach to implement the highest quality solutions at the lowest possible cost. Carpio’s service practice areas include corporate performance management (CPM), business intelligence (BI), enterprise resource planning (ERP), custom solution development, and business process outsourcing. For more information, please visit www.carpio.com.Contacts:
|
Palladium Equity Partners David Lilly / Lyndsey Estin Kekst and Company (212) 521-4800 |
Carpio Grace Ueng Savvy Marketing Group (919) 319-8538 Grace@SavvyMarketingGroup.com |
