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Robert Kamerschen Named as Non-Executive Chairman
Fairfield, CT – Survey Sampling International
(SSI) announced today that it completed a recapitalization of the
Company in association with an investor group led by Providence
Equity Partners. SSI also announced the appointment of Robert “Kam” Kamerschen
as non-executive Chairman of the Company.
Through the recapitalization, Providence Equity Partners will become
the controlling shareholder of SSI. Existing SSI shareholders, including
Beverly Weiman (President and Chief Executive Officer), Tom Danbury
(Founder) and Boston Ventures Management, have maintained ownership
stakes in SSI. The terms of the recapitalization were not disclosed.
Founded in 1977, SSI is the preeminent supplier
of survey samples to the global market research industry. The Company’s clients
include leading market research firms in the United States, Canada,
Europe, Australia, and Japan. SSI offers its clients a wide range
of sampling products for reaching various populations through the
Internet or by telephone. The Company’s proprietary Internet
panel gives SSI’s clients access to a community of over three
million individuals and businesses worldwide, representing nearly
eight million household members.
“SSI is a strong, established leader in the global sample
market,” said Peter Wilde, a principal of Providence Equity
Partners. “The Company has excellent management and a diverse,
international customer base. We look forward to partnering with Bev,
Kam and the entire SSI team to build value and further enhance the
business.”
"Bev and her management team have done an exceptional job in
growing the Company. SSI has been an excellent investment for Boston
Ventures Fund VI, and we are delighted to participate in the future
growth of the Company" commented Vikrant Raina, a Managing Director
at Boston Ventures.
Beverly Weiman, President and CEO of SSI, said, “Our
recapitalization provides us the financial flexibility we need
to continue to provide the highest standard of service in the industry.
We are delighted to partner with the Providence Equity Partners
team, who bring in-depth experience in the communications industry
and a track record for helping companies improve operations and
growth prospects. We also welcome Kam to the Company and look forward
to his contributions in the years to come. Boston Ventures has
been a good partner to SSI. Our business has benefited from their
strategic and financial support. It was a priority for Boston Ventures
to find the right match that would enable us to continue our growth
and vision.”
“I am pleased to join Survey Sampling and look forward to
assisting the Company and Providence Equity in building on SSI’s
success and achieving its full potential,” said Mr. Kamerschen.
Mr. Kamerschen is the retired Chairman and CEO of ADVO, Inc., a NYSE-listed
Company and the nation's largest targeted direct mail advertising
provider. Mr. Kamerschen is currently a private investor and serves
on several public company boards.
About Survey Sampling International
Survey Sampling International LLC (SSI) is the preeminent supplier
of samples to survey research agencies in the USA, Canada, Europe,
Australia, and Japan. SSI offers a wide range of sampling products
for reaching various populations by telephone and Internet. SSI is
headquartered in Fairfield, C.T. The Company employs approximately
100 professionals. (http://surveysampling.com)
About Providence Equity Partners
Providence Equity Partners Inc. is one of the
world's leading private investment firms specializing in equity
investments in media and communications companies. The principals
of Providence Equity manage funds with over $9 billion in equity
commitments and have invested in more than 80 companies operating
in over 20 countries since the firm's inception in 1990. Current
and previous areas of investment include cable television content
and distribution, wireless and wireline telephony, publishing,
radio and television broadcasting and other media and communications
sectors. Significant investments include VoiceStream Wireless,
Metro-Goldwyn-Mayer, Warner Music Group, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland, Language Line,
F&W Publications, ProSiebenSat.1, and Bresnan Broadband Holdings.
The firm has offices in Providence, New York and London. Visit www.provequity.com for additional information.
About Boston Ventures Management
Boston Ventures Management is a private equity
firm that has been an active investor and financial partner to
management teams in the media, business information, entertainment,
and communications sectors since 1983, earning the firm a franchise
position in the private equity community. Boston Ventures’ Managing Directors and partners
are accomplished and experienced professionals who have a diverse
and complementary range of skills and a broad network of domestic
and international relationships. Some of Boston Ventures’ investments
in their 20 year history have included News Corporation, National
Enquirer, CAMP Systems, River City Broadcasting, Six Flags Amusement
Parks, Marshall & Swift, Panavision and Motown Records.
MEDIA CONTACTS:
Survey Sampling International
Diane Urso
203-255-4200
Providence Equity Partners
Andrew Cole
212-687-8080
Boston Ventures Management
Tim Smith
617-350-1530
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