LITTLE ROCK, Ark. (May 20, 2015) - Acxiom, an enterprise data, analytics and software-as-a-service company, announced on Wednesday that it has entered into a definitive agreement to sell its IT Infrastructure Management business (Acxiom IT) to Charlesbank Capital Partners and M/C Partners for total cash consideration of up to $190 million.
The sale is expected to close in the second quarter of fiscal 2016, following the satisfaction of regulatory requirements and other customary closing conditions.
"In the last three years, we have taken a number of steps to tighten our strategic direction," said Acxiom CEO Scott Howe. "This transaction represents the next phase in our journey to focus Acxiom on growing its core Marketing and Data Services business, and extending its leadership in onboarding and connectivity."