Edgewater Growth Capital Partners is pleased to announce the add-on acquisition recently completed by our portfolio company Dantom Systems, Inc. Dantom is a leading provider of collection letter services to the Accounts Receivable Management marketplace. In October, Dantom acquired the collection letter services business of Diversified Data and Communications (“DIVDAT”). DIVDAT’s operations will be consolidated into Dantom’s facility in Wixom, Michigan.
Earlier in 2009, Dantom also acquired the collection and receivables division of Antares Information Technologies, Inc, consolidating Antares operations into its Wixom facility. Both the DIVDAT and Antares acquisitions have been highly accretive as significant revenues have been added with only a negligible increase in Dantom’s operating expenses. Through these two acquisitions, Dantom has further distinguished itself as the premier company in its industry. Edgewater’s Dantom investment has been completed in partnership with our affiliate Bolder Capital, LLC. We are continuing to work closely with Dantom’s management team on additional acquisition opportunities.