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 www.palladiumequity.com.
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
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