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Bridge Growth Partners Makes Majority Investment in BackOffice Associates


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BackOffice Associates, a provider of information governance, data stewardship, and data migration solutions, has announced that Bridge Growth Partners, a private equity firm, has signed an agreement to make a majority equity investment in the company.

Terms of the investment were not disclosed, but according to BackOffice Associates, this investment was significantly larger than the $30 million investment by 2008 in Goldman Sachs.

David Booth will continue to lead the company as CEO and also serve on its board of directors.

Joe DiSabato, managing director of Goldman Sachs and head of the Growth Equity business, and David Campbell, managing director of Goldman Sachs’ Merchant Banking Division, will represent Goldman Sachs on the board. 

Additionally, James E. Rogers, a director of NewMarket Corporation and Owens & Minor, Inc. and a former director of Caraustar Industries, Inc., Wellman, Inc., Chesapeake Corp. and Cadmus Communications, Inc., will also remain on the board.

Members of Bridge Growth Partners who will be joining the board alongside Booth, Rogers, DiSabato and Campbell include Joe Tucci, Bridge Growth Partners chairman and former chairman & CEO of EMC; Bill Teuber, Bridge Growth Partners senior operating principal and former vice chairman of EMC; Steve Mills, Bridge Growth Partners senior advisor and former EVP at IBM Software and Systems; Dave Barnes, Bridge Growth Partners senior advisor and former CIO of UPS; Peter Griffiths, Bridge Growth Partners technology advisory board member and former EVP of products at CA Technologies; and  Alok Singh, Bridge Growth Partners managing principal.

Serving the Global 2000 set with solutions for information governance and data quality and migration initiatives, BackOffice Associates has over 800 employees and more than 500 customers worldwide.  The company’s software and services include data migration and integration, information governance and stewardship, and data quality management and archiving, supported by methodology and industry-specific content.

For more information,visit www.boaweb.com and www.bridgegrowthpartners.com.
 


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