Chanhassen, Minn.-based IWCO Direct, a privately held provider of direct marketing solutions has entered into a definitive purchase agreement to acquire Transcontinental Direct's U.S. operations, consisting of a network of high-volume direct mail production facilities with its headquarters in Warminster, Penn. Transcontinental, the parent company of Transcontinental Direct, is the largest printer in Canada and Mexico, as well as one of the top publishers of consumer magazines in Canada.
A few months ago, I read an article on CNET News.com that discussed an Adobe Systems/RSA Security survey of D.C. opinion leaders on the issue of data protection in the United States. Participants were asked to rate the job Congress was doing on this topic. It wasn't good news: More than 70 percent gave Congress low marks in the protection of social security numbers, financial data and credit card numbers. And so, with the scads of data breaches reported so far this year, it's no surprise there are about two dozen data security bills on Capitol Hill. Even with the passing of the
MONTREAL, Dec. 18, 2003 - Transcontinental Inc. today announced the acquisition of CC3, a growing company in the direct marketing industry in the United States. CC3 has a network of eight facilities in Pennsylvania, California and Texas, offering a complete range of direct marketing services through its unique integrated platform. It delivers over 1.5 billion direct marketing pieces a year. CC3 has over 1100 employees and annual revenues of about C$167 million (US$127 million). This acquisition is the largest in Transcontinental's history in terms of revenues. CC3 was owned by Providence Equity Partners Inc., a private investment firm with over US$5 billion under management. The consideration for the