Investment Date
March 2004
Vertical
Technology
Fund
GCP I
Investment Status
Prior

Proxicom (Aptiv / Daou)

Internationally recognized Internet consulting firm, delivering custom-tailored web applications, industry-specific solutions, and system integration services to Global 1000 organizations


Highlights

  • Provides specialized technology development expertise across a number of select industry groups including: Automotive, Healthcare, Government and Financial Services
  • Founded in 1991 as a systems integrator, Proxicom has developed and built web solutions for such companies as ExxonMobil, Chevron, Dupont, Mazda North American Operations, GMAC and Toyota Motor Sales, among many others
  • Headquartered in Reston, VA, with offices in New York, Los Angeles, Irvine and San Francisco

Initiatives

  • Executed a carve-out from Dimension Data (Proxicom) and take-private (Daou/Aptiv)
  • Installed senior management to run consolidated company
  • Refocused business on key vertical markets
  • Reduced and renegotiated leases
  • Acquired by iCrossing Inc. in July 2007