Palladium Equity Partners Announces Investment in Carpio Solutions

Apr 22, 2008, 01:00 ET from Palladium Equity Partners, LLC

    NEW YORK, April 22 /PRNewswire/ -- Palladium Equity Partners, LLC, a
 New York-based private equity firm, announced today that it has made a
 significant investment in Carpio Solutions, a global provider of business
 systems solutions headquartered in the Research Triangle Park in North
 Carolina. The Company provides technology solutions, software and services
 for mid-sized businesses throughout the Americas.
     Gary D. Nusbaum, Managing Director of Palladium, said, "I first
 invested behind Marco Fregenal more than a decade ago and have long been
 impressed by his drive, business judgment and entrepreneurial spirit.
 Palladium is pleased to be an investor in Carpio and proud to call Marco
 Fregenal our partner. We are excited about the opportunity to build Carpio
 into a world-class software and services company."
     Marco Fregenal, Founder, President and CEO of Carpio, said, "I am
 excited to join forces with Gary Nusbaum and Palladium Equity Partners. I
 began working with Gary over 12 years ago and it has been a long and
 fruitful relationship. Gary and the Palladium team bring many years of
 experience helping companies grow. More importantly, they recognize the
 challenges young companies face and are eager to help. Having Palladium as
 a partner will be an enormous asset as we expand our business both in the
 U.S. and Latin America."
     The Palladium investment in Carpio will fund several acquisitions,
 additional infrastructure, and the hiring of key staff to support Carpio's
 growth in both the United States and Latin America. Carpio is a provider of
 financial performance software and a wide range of related IT services
 using its dual-shore delivery capabilities.
     About Palladium Equity Partners
     Palladium Equity Partners, LLC is an investment firm targeting
 companies in media, business and financial services, consumer/retail,
 food/restaurants, healthcare and manufacturing. Palladium has a particular
 focus on companies that are well-positioned to capitalize on the
 fast-growing U.S. Hispanic market. The principals of Palladium have
 invested over $2.5 billion of equity in more than 60 portfolio companies
 over the last two decades. Formed in 1997, Palladium currently has
 approximately $1 billion of capital under management. For more information,
 please visit
     About Carpio Solutions
     Carpio is a global provider of business systems solutions headquartered
 in Research Triangle Park, NC with operations in the U.S., Brazil, Mexico
 and Panama. Carpio is focused on delivering operational and financial
 efficiencies through its specialized software and service offerings.
 Carpio's software products improve budgeting, planning, forecasting,
 modeling, consolidation and reporting. Carpio also provides a wide range of
 IT services via its dual-shore delivery approach to implement the highest
 quality solutions at the lowest possible cost. Carpio's service practice
 areas include corporate performance management (CPM), business intelligence
 (BI), enterprise resource planning (ERP), custom solution development and
 business process outsourcing. For more information, please visit
Contacts: Palladium Equity Partners Carpio Solutions David Lilly /Lyndsey Estin Grace Ueng Kekst and Company Savvy Marketing Group 212-521-4800 919 319 8538,

SOURCE Palladium Equity Partners, LLC