| |
Aptara Announces $45 Million Investment by American Capital
FAIRFAX, VA, August 17, 2005 — Aptara, a leading provider of electronic content outsourcing services, announced today that American Capital Strategies, Ltd. (Nasdaq: ACAS) has invested $45 million in the company. Aptara management is maintaining a controlling equity interest, with American Capital investing in both equity and subordinated debt of Aptara. Bank of America is providing a revolving credit facility. "American Capital’s perseverance, flexibility and ability to understand our distinctive investment needs made them the ideal investment partner," said Bart Snell, Chief Financial Officer of Aptara.
"Aptara’ goal is to become the leading content services organization in the world. To that end, we will continue to make internal investments and strategic acquisitions to offer the most robust set of content services to our customers," said Rakesh Gupta, Chairman of Aptara. "This investment by American Capital is confirmation of our success in meeting our objectives to date, and provides us a new, energized stakeholder as we strive to meet our aggressive growth plans for the future."
Founded in 1988, Aptara is headquartered in Fairfax, VA and employs over 3,000. The Company maintains offices in Los Angeles, CA; Boston, MA; York, PA; the United Kingdom; Delhi, India; and Pune, India. Aptara specializes in composition, data conversion, and e-learning services across five main market verticals:
1) Educational Publishing — providing services to publishers of elementary, high school and college textbooks as well as digital content services for Web, wireless and e-book versions of their textbooks
2) Professional Publishing — providing composition and data conversion services to publishers scientific, technical and medical books, and journals
3) Information Publishing — providing data conversion services to libraries, universities, and information aggregators
4) Financial Publishing — providing data conversion and composition services to financial printers
5) Enterprises — providing e-learning services, composition and data conversion services to major corporations in financial services, pharmaceuticals, consulting, and computer industries
"American Capital is backing a solid management team led by two experienced executives, Chairman Rakesh Gupta and CEO Ranjit Singh, who together have established and built a strong niche player in a growing industry. Aptara is well positioned to capitalize on the fastest growing market segments in the outsourced content management industry," said American Capital Chief Operating Officer, Ira Wagner. "Aptara is the leading brand in content outsourcing, well known for their quality, speed and technology advantages," said American Capital Managing Director, David Ehrenfest Steinglass.
About American Capital
American Capital is a publicly traded buyout and mezzanine fund with capital resources of approximately $5.4 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, and provides capital directly to private and small public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, and recapitalizations.
As of July 31, 2005, American Capital shareholders have enjoyed a total return of 409% since the Company's IPO - an annualized return of 23%, assuming reinvestment of dividends. American Capital has paid a total of $787 million in dividends and paid $18.29 dividends per share since its August 1997 IPO at $15 per share.
About Aptara
Aptara (www.aptaracorp.com) is a fast-growing U.S. company and market leader in providing services to content rich businesses. It provides content outsourcing services and solutions across multiple media to businesses including publishers, information aggregators, professional societies, government agencies, universities, and major corporations.
Aptara is currently in seven locations in the U.S., U.K. and India with the corporate headquarters located in Fairfax, Virginia. Other U.S. office locations are Los Angeles, California; York, Pennsylvania; and Boston, Massachusetts. Aptara also has large operational centers in New Delhi and Pune, India, and a customer service center located in Cambridge, U.K.. Aptara currently employs over 3,000 people across its global operations.
Aptara was ranked as the 4th largest BPO in India by the BPOrbit study conducted by Voice & Data (Dec 2003) and featured in the World’s 50 Best Managed BPO vendors according to Black Book of Outsourcing by Brown & Wilson, Wiley Publishers (May 2005).
|
|
|
US Based Media Contact
Michael Quint
Managing Director
Qorvis Communications
8484 Westpark Dr.,
McLean, VA 22102
703.744.7828 (phone)
703.298.3410 (cell) www.qorvis.com
India based media contac
tJasleen Makker
Senior Account Manager
20:20 MEDIA
B-4/45 Safdarjung Enclave, New New Delhi, 110029
011.261.96144-6 (phone)
981.113.8444
www.2020india.com
|
|
|