MidOcean Sells The Allant Group
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MidOcean Sells The Allant Group

allant nf1The Allant Group, a portfolio company of MidOcean Partners since October 2009, has been acquired by Vencap Technologies.

Allant Group is an IT services company that provides data aggregation and data analytics to companies that operate in the telecommunications, media, retail, publishing, financial services, travel/hospitality and transportation industries. Specific services of the company include database marketing, customer relationship marketing, customer analytics, and marketing performance measurement. Allant’s customers include 250 large and mid-market companies across the US. The company was founded in 1984 and is headquartered in the Chicago suburb of Naperville, IL (www.allantgroup.com).

Allant Group is led by its Chief Executive Officer, Gaurav Issar. Mr. Issar is also a board member of Vencap Technologies. “Allant Group will build on its 30 plus years of customer service by combining our corporate assets with our tenured group of industry experts and partners,” said Mr. Issar.

midocean nf1MidOcean invests in middle market companies active in the business and media services, consumer, and industrial services sectors.  The firm has offices in New York and London (www.midoceanpartners.com).

© 2016 Private Equity Professional • 2-8-16

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