SOURCE: West Partners

October 15, 2007 05:00 ET

West Partners Makes Investment in Planet Group, a Provider of Electronic Payment Processing Solutions

CARLSBAD, CA--(Marketwire - October 15, 2007) - West Partners announced today that it has made an investment in Planet Group, Inc., 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."

About West Partners

West Partners is an independent investor with a focus on the long-term and a simple approach to investing: invest in good companies with good management and expect solid returns. We partner with management teams that have a proven track record of delivering high returns on invested capital. Our long-term approach, straight-forward investment philosophy and self-funded structure make us a unique solution to companies seeking a capital partner.

About Planet Group

Planet Group, Inc. is a privately held corporation and holding company of a diverse group of technology and business solutions companies. Our diverse portfolio of companies provide solutions and services such as information technology consulting, electronic payment processing, secure correspondence portals and business process management to Fortune 500 companies in the financial services, healthcare, banking, retail, and consumer industrial and technology industries.

Contact Information