Data Downlink Corp. Receives $11 Million From Flatiron Partners-Led Group of Investors
Summary
“With the addition of Portal B™ to its existing, high value product mix, Data Downlink will redefine the business portal category and generate significant growth among its blue chip client base for years to come.” Wilson noted that today’s announcement represents the second time Flatiron Partners has invested in Data Downlink in less than a year. CCP has been a leading provider of private equity capital since its inception in 1984 and is a diversified investor with significant interests in most major industries. CCP’s primary limited partner is The Chase Manhattan Corporation, one of the largest bank holding companies in the United States. Franklin invests in companies that exhibit favorable growth potential with a particular emphasis in the wireless communications and Internet software sectors. BARRA, (www.barra.com), founded in 1975, provides innovative analytical models, information, software and solutions that enable its clients worldwide to make superior investment, trading and business decisions.