Press Release: 9/15
Wicks Communications & Media Partners III, L.P. announces the acquisition of assets of Harris Connect, Inc.
New York, September 15, 2008. Wicks Communications & Media Partners III, L.P. a New York-based private equity fund, today announced that its portfolio company, (Harris Connect, LLC), has completed the acquisition of assets of Harris Connect, Inc. ("Harris Connect"), the market leader in alumni and member affinity solutions. Current contracts, services and business relationships will continue uninterrupted for existing clients.
Bill Harris, former Chairman and CEO, will stay on as Non-Executive Chairman of the Advisory Board. New CEO, Robert Gluck, will assume his position immediately.
For 45 years, Harris Connect has built a tradition of successfully meeting its clients' evolving needs by developing innovative and integrated solutions and services. The acquiring company plans to build upon this foundation and to continue to fuel and augment Harris Connect's current success.
Upon stepping into his role as CEO, Robert Gluck said, "We have high expectations for the continued success of Harris Connect business and I look forward to working with the established management team and staff to expand on the products we offer to the various markets we serve."
Berkery Noyes represented Harris Connect, Inc. in the transaction.
About Wicks Communications & Media Partners III, L.P. (www.wicksgroup.com).
Wicks Communications & Media Partners III, L.P. is one of a family of private equity funds that invest in selected segments of the communications, information and media industries. Such funds currently own or have owned companies in educational publishing, consumer publishing, medical information services, community newspapers, radio broadcasting, television broadcasting, magazine publishing, outdoor advertising, newsletter publishing and cable television distribution.
About Harris Connect (www.harrisconnect.com).
For 45 years, Harris Connect has built a tradition of successfully meeting client's evolving needs by developing innovative, thoughtfully designed services and solutions. With each new program, each new offering and each new technology-Harris Connect helps clients grow and prosper by strengthening bonds with their constituents.
Today, Harris Connect publishes over 600 alumni and membership directories annually, provides Internet services to more than 1,000 leading educational institutions and membership organizations and delivers best-in-class research and modeling solutions to over 1,000 clients. Harris Connect has continued to build both its client base and its reputation by forging diverse relationships, from small private schools, to renowned institutions, to international membership organizations.
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