Golden Gate Capital completes recapitalization of Ecometry Corporation
DELRAY BEACH, FL (December 2, 2004) – Golden Gate Capital and John Marrah, CEO of Ecometry Corporation, announced today the recapitalization of Ecometry Corporation, a leading provider of multi-channel software to the retail industry.
Ecometry provides an integrated software platform for retailers deploying multi-channel sales strategies (i.e., web, call center, in-store & catalog). Ecometry’s flagship product, Ecometry Commerce SuiteTM, processes up to 400,000 orders per day and provides functionality to improve customer service, streamline order management and increase operating efficiency. The Company boasts a client base of over two hundred customers, including many of the world’s most prominent specialty retailers, direct marketers, catalogers, and Internet merchants. Sample customers include Nordstrom, Urban Outfitters, Coach, Brookstone, and Lego.
“We are very excited to invest in Ecometry,” said David Dominik, a Managing Director at Golden Gate Capital. “Ecometry is the clear product leader and offers a strong platform to address the complex needs of the multi-channel retail marketplace. With its experienced management team and deep financial backing from Golden Gate Capital, Ecometry is well positioned to grow both organically and via acquisitions. We are pleased to welcome the Company to our family of software companies, which in aggregate represent over $1.2 billion in revenues.”
John Marrah, president and chief executive officer of Ecometry Corporation, will continue to lead the Company following the recapitalization. “We are thrilled to partner with Golden Gate Capital, particularly given their demonstrated software expertise and ability to drive profitable growth in their portfolio companies,” said Marrah. “We anticipate a strong relationship that will benefit our customers, employees and investors.”
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $2.5 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments of up to $100 million in situations where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide rage of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. For more information, visit www.goldengatecap.com.
About Ecometry Corporation
Ecometry Corporation is a leading provider of enterprise software solutions to the multi-channel retail market. The company’s customer-centric product suite allows clients to improve operating efficiencies while strategically targeting core consumers, and has been installed by hundreds of retailers. Ecometry Corporation is headquartered in Delray Beach, FL. For more information, visit www.ecometry.com.