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Digital Technology International Announces Plans to Grow with the Help of New Investors

June 8, 2006 (Springville, UT) – In a transaction announced this week, The Riverside Company, the largest private equity firm investing in premier small to midsize companies, has acquired Digital Technology International (DTI), a respected innovator in the newspaper publishing software industry. Several members of DTI’s management team also joined in this investment.

Established in 1981, DTI has operated until now as a subsidiary of Oldham Associates LLC, a family owned business that also ran a national commercial printing company, Liberty Press. As several family members neared retirement, the decision was made to separate the companies. Around this same time, the family was approached by The Riverside Company who had identified DTI as a profitable company in a strong position for growth. The opportunity presented by Riverside coincided with the desire of the remaining family members to continue providing leading solutions to news content providers, but to more aggressively expand their capacity to do so. “We’re delighted to partner with DTI and its terrific management team on this latest acquisition. Over the years, the company has proven to be a leader in its niche,” says Stewart Kohl, co–CEO of Riverside. “DTI continues to innovate in response to the changing times by helping its customers become more efficient and profitable, while positively impacting both the print and electronic sides of news content publishing. With our significant financial resources, we look to continue to grow the business, as we explore potential add–on candidates to further bolster DTI’s growth.”

While creating new opportunities for expansion, the change does not deter existing development plans or displace the tenured management team. DTI CEO Don Oldham will continue to lead the company. Geoff Walker, will continue as VP Finance/CFO. Jeff Carpenter will continue to head up daily business operations as VP of Operations/COO. Vice Chairman, Levor Oldham, has announced his retirement but will remain involved through a part–time consulting role. All other managers and personnel will remain, with several advancing to new positions. Byron Oldham, senior engineer, has been appointed VP of Product Development. Ed Hubbard, advances from regional sales manager to VP Sales. David Oldham has been appointed to the newly created position of VP Marketing and Product Management.

“We are happy to partner with Riverside, a private equity firm that believes in and supports our mission to continue innovating and developing the best publishing software products to meet our customers’ changing needs,” added DTI founder Don Oldham. “DTI is essentially the same team of people who remain committed to developing solutions that enable our newspaper partners to meet the evolving demands of consumers and to operate more efficiently.”

This change will also establish a new board of directors for DTI, greatly enhancing the industry specific talent of the DTI team. Don Oldham, CEO, remains a key investor member of the board. Stuart Baxter, a Partner in Riverside and head of Riverside’s Software team as well as Matt Dailey, Riverside Vice President will also sit on the board guiding growth and acquisitions. Lib Gibson brings to the board a wealth of technical and Internet knowledge including newspaper specific experience at The Globe and Mail, in Toronto where she launched its Internet properties – Canada’s most popular financial, jobs, and news sites. The final board member named is Richard Currier, who has 30 years experience in marketing and executive management of technology companies and currently heads a successful consulting company.

About The Riverside Company

The Riverside Company is the largest private equity firm focused on the smaller end of the middle market and is one of the industry’s most experienced leveraged buyout investors. Riverside specializes in premier companies with enterprise values of less than $100 million, and partners with strong management teams to build companies through acquisitions and value–added growth. Since 1988, the firm has invested in 130 transactions with a total value of $2.1 billion, sales of $2.4 billion, EBITDA of $263 million and more than 11,000 employees. Its current portfolio in the U.S. and Europe numbers 46. Riverside offers SureClose® (the highest certainty that a transaction will close) and the resources to complete acquisitions smoothly and in as little as 30 days – thanks to its sizeable pool of capital under management ($1.4 billion in six funds and growing), large staff in 10 offices (New York, Cleveland, Dallas, San Francisco, Atlanta, Chicago, Budapest, Munich, Prague, and Warsaw), and long–standing relationships with partner lenders. The firm has produced top quartile returns for its investors, which are among the world’s leading pension funds, endowments, funds–of–funds, insurance companies and banks. More information on The Riverside Company can be found at www.riversidecompany.com and www.riversideeurope.com.

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