Source: West Partners
West Partners announced today that it has made an investment in Planet Group, a leading provider of solutions for electronic payment processing, business process management and secure correspondence.
The proceeds will be used to fund expansion and strategic acquisitions. Financial terms were not disclosed.
Based in Omaha, NE, Planet Group provides electronic payment processing solutions through Planet Financial Services. Planet Consulting provides information technology consulting services while Planet Correspondence Technologies is a leading provider of secure correspondence solutions. Workpoint is a leader in the business process management sector.
"Having West Partners onboard as a partner is a major step for our growing company," said Mike Wofford, President of Planet Group. "Adding their capital, insight and experience to our company is going to create some very exciting opportunities in each of our markets."
"We look forward to working with Planet Group as they continue to build their company," said Dennis O'Brien, Managing Director of West Partners. "We're excited about the opportunity to partner with a company led by good people delivering compelling solutions into each of their markets."