 News and Events
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.”
About Austin-Tetra
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 mititgate 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
About Growth Capital Partners, L.P.
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
For media information, please contact:
Sandy Garcia
972.756.8100 (office)
972.756.8111 (fax)
sandy.garcia@austintetra.com
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