Acxiom Corp. has finalized the sale of its information-technology infrastructure management operations in a $190 million deal with two private-equity firms.
Charlesbank Capital Partners and M/C Partners announced Monday that they closed their acquisition of Acxiom’s IT outsourcing business.
Managing director at Charlesbank Ryan Carroll said in a statement that after the sale, Little Rock-based Axiom, whose main business is as a data broker, is now well-positioned for success “as a standalone company.”
Acxiom announced the $190 million deal in May, saying it will still own and operate the data centers that serve clients in its marketing and data services segment and retain a 5 percent interest in the value of the company after the acquisition.
The company said through the deal it will receive $140 million in cash when the sale closes and up to $50 million in contingent payments subject to certain unspecified performance requirements, the Arkansas Democrat-Gazette previously reported.