Business
Robert L. Johnson with his RLJ Credit Opportunity Fund gets into telecom market with ShareTracker investment
Founder and Chairman of The RLJ Companies., Robert L. Johnson
Robert L. Johnson, Founder and Chairman of The RLJ Companies and Chairman of RLJ Credit Opportunity Fund, an RLJ portfolio company, yesterday announced an investment in ShareTracker, a leading provider of communications and telecom market share measurement products.
The announcement supports ShareTracker’s efforts to expands its current existing wireless, video, voice and data market share measurement product offerings to include cable, satellite and fiber TV subscription services, as well as mobile and fixed broadband services market and flow share measurement.
“The RLJ Credit investment in ShareTracker promotes American entrepreneurship and skilled job creation in a sector that is vitally important to business performance,” said Robert L. Johnson. “With our support, a small business has been able to acquire critical assets in a sophisticated transaction to help advance their business. As a result, a 2012 start-up company now employs more than 25 technology workers in 4 states. With our experience in communications, the RLJ advantage will extend to support the company’s development of customer relationships with large telecommunications companies.”
“ShareTracker continues to innovate and provide its customers with customizable products and a high level of customer service. There may be less than 100 experts in the U.S. that know how to perform the analytic research of ShareTracker.
With this acquisition, ShareTracker President Eric Fogle has consolidated significant intellectual property and expert human capital to form the preeminent market research company to the telecom industry,” said Trevoir D. Gregg, Managing Partner of RLJ Credit.
“ShareTracker now becomes the largest U.S. market research company dedicated to telecom market and flow share measurement products and analytics,” said Fogle. “ShareTracker achieved this leadership in the communications industry with our ability to deliver accurate market and flow share measurement across all services – wireless and wireline voice, broadband and video.”
About The RLJ Companies: The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies. Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in a publicly traded hotel real estate investment trust; private equity; financial services; asset management; automobile dealerships; sports and entertainment; and video lottery terminal (VLT) gaming.
The RLJ Companies is headquartered in Bethesda, Maryland, with affiliate operations in Charlotte, North Carolina; Little Rock, Arkansas; Los Angeles, California; San Juan, Puerto Rico; and Monrovia, Liberia.
