Aptara announces equity investment from American Capital

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Aptara, Inc ., (erstwhile Techbooks) a global leader in integrated content transformation solutions, today announced that American Capital Strategies, Ltd. (Nasdaq: ACAS) has made an additional equity investment of $23 million in Aptara. Aptara will use the additional capital to recapitalize the Company and to finance growth both in the United States and overseas.

 

"Aptara is an innovative and dynamic company and we are pleased to be bolstering our partnership with them with this investment," said David Steinglass, Senior Vice President, Managing Director, American Capital.

 

"We are very pleased that American Capital has chosen to increase its equity position in Aptara," said Ranjit Singh, Aptara's President and CEO. "With American Capital's continued support, we expect to continue the success the company has enjoyed since its founding in 1988."

 

Aptara, formerly known as Techbooks, provides a range of content services enabling companies to develop, prepare, manage and present their proprietary information assets in new and innovative ways. Leveraging state-of-the-art software and its certified ISO: 9000 facilities, Aptara offers the outsourced advantage of bringing together a worldwide network of high quality professionals and resources for legal, publishing and eLearning customers, thereby allowing companies to focus on their core competencies, resulting in reduced costs and administrative time.

 

Sourced From: 20 : 20 Media Pvt Ltd