NOVI, Mich., May 3, 2005 (PRIMEZONE) -- DANTOM Systems, Inc. ("DANTOM" or "Company"), a rapidly growing provider of outsourced information management solutions to the $150 billion U.S. debt collection industry, announced today an investment by Chicago-based private equity firm Bolder Capital, LLC. The investment allows DANTOM to continue its history of strong organic growth and provides additional capital for potential acquisitions.
"Bolder's capital infusion and strategic leadership will enhance DANTOM's market leading position in outsourced information services to the debt collections industry," according to Dan Buckley, DANTOM's President. "We look forward to working with the Bolder team to execute our long-term strategic growth plan."
DANTOM uses integrated services, data, analytics, and technology to provide debt collectors with a single source for information management services and collection letter design, printing, processing, and mailing. The Company provides services to collectors and purchasers of credit card debt, student loans, healthcare debt, utility bills, automobile loans, and past due accounts from many other industries. In fiscal 2004, DANTOM produced and mailed over 100 million credit and collection notices.
Tom Hoppenjans, DANTOM's Vice President of Sales and Marketing stated, "The partnership with Bolder Capital will enable us to expand our service offerings and deepen our relationships with our customers and software vendor partners."
"We are very excited to have the opportunity to partner with DANTOM's management team," said Dave Tolmie, Managing Director at Bolder Capital. "DANTOM fits squarely within Bolder Capital's core investment philosophy to partner with high quality companies within growing industries. We believe DANTOM's industry focus, breadth of services, excellent reputation, longstanding customer relationships and strong incumbent management team differentiates the Company from many competitors in the outsourced information services industry."
About DANTOM Systems
DANTOM Systems, Inc. is a premier provider of outsourced information management solutions servicing the needs of the nation's largest collection agencies and debt purchasers. Established in 1997, with headquarters in Novi, Michigan and its Mail Presort Center (MPC) in Wixom, Michigan, DANTOM's mission is to enable clients to succeed by providing the best possible processing solution for collections, data processing, debtor information enhancement and professional collection letter format and delivery.
About Bolder Capital
Bolder Capital is a private investment firm established to find and invest in middle market companies for long-term value creation. Bolder primarily co-invests with JZ Equity Partners and The Edgewater Funds (the "Co-Investors") and works closely with these funds or their advisors to find appropriate investments. Bolder Capital, the Co-Investors and their advisors bring over 50 years of combined investment experience and substantial financial resources of nearly $1.0 Billion in capital. In addition, the Co-Investors and their advisors have extensive operating experience in a broad range of industries, having acquired or funded more than 400 companies.