Unit to Become i2, Inc., Dedicated to Best-of-Breed Investigative Analysis and Visualization Solutions
MENLO PARK, Calif. and ALPHARETTA, Georgia (BUSINESS WIRE) – Silver Lake
Sumeru, the middle-market technology focused investment fund, today announced it has reached a definitive agreement with ChoicePoint Inc. (NYSE: CPS) to acquire i2, ChoicePoint’s investigative analysis and visualization software technology business.
“The independent i2 will be anchored by some exceptional technologies, which we are committed to developing further and expanding. The global marketplace for investigative analysis solutions is attractive, and we believe i2 is well positioned to extend its leadership in the space.”
The transaction is subject to customary regulatory approvals and other closing conditions. The i2 business will become a standalone company called i2, Inc. i2 develops, supports and sells technology solutions that enable its customers to utilize advanced analysis and visualization technology to more effectively monitor, manage and solve investigations. Customers include law enforcement, military, homeland security/defense, intelligence and other government agencies. i2’s integrated family of offerings, including the market leading Analyst Notebook, Analyst Workstation, and iBase, enables investigators and analysts to formulate connections within complex scenarios and volumes of seemingly unrelated data. By automating one of the most difficult aspects of investigative work, i2 solutions help increase the case capacity and mission effectiveness of its users.
“The independent i2 will be anchored by some exceptional technologies, which we are committed to developing further and expanding. The global marketplace for investigative analysis solutions is attractive, and we believe i2 is well positioned to extend its leadership in the space,” said Hollie Moore, a Managing Director at Silver Lake Sumeru.
The new i2 entity and its investor group intend to provide strong continuity by maintaining i2’s current primary bases of operation in Cambridge, United Kingdom and in McLean, VA USA and building upon the current management team and employee base.
“We are pleased to be working with Silver Lake Sumeru to consummate a transaction that will benefit i2’s customers, employees and business partners. We are committed to ensuring a seamless transition,” said David Lee, Chief Business Officer, ChoicePoint Inc.
The original i2 was founded in 1990 and was the early pioneer of advanced intelligence link analysis and visualization. The company has been profitable since its inception.
Merrill Lynch & Co. and Wachovia Capital Markets served as financial advisor to ChoicePoint Inc. King & Spalding served as legal advisor to ChoicePoint Inc. Kirkland & Ellis served as legal advisor to Silver Lake Sumeru.
About Silver Lake Sumeru
Silver Lake Sumeru pursues investments in middle-market technology enterprises. The Silver Lake Sumeru team applies fundamental operating experience, deep technology sector expertise, and world-class private equity skills to the investments in its portfolio. Silver Lake Sumeru is a fund within Silver Lake, a leading private investor in technology, technology-enabled, and related growth industries. Silver Lake’s portfolio includes or has included technology industry leaders such as Ameritrade, Avago, Avaya, AVI-SPL Business Objects, Flextronics, Gartner, Gerson Lehrman Group, Instinet, Intelsat, IPC Systems, MCI, Mobile Messenger, NASDAQ OMX, NetScout, NXP, Sabre Holdings, Seagate Technology, Serena Software, SunGard Data Systems, Thomson and UGS. For more information, please visit www.silverlake.com.
About ChoicePoint, Inc.
ChoicePoint (NYSE: CPS) provides businesses, government agencies and non-profit organizations with technology, software, information and marketing services to help manage economic risks as well as identify business opportunities. Consumers have free access to the reports we create at www.ChoiceTrust.com. Learn what we do to protect consumer privacy by visiting www.PrivacyatChoicePoint.com and, for more information on our company, go to www.ChoicePoint.com.
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