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Article: BORN Completes Financial Restructuring, Names New CEO; Restructuring Solidifies Financial Position, Invests New Capital to Fuel Company Growth.
- Article from:
- PR Newswire
- Article date:
- January 30, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, Jan. 30 /PRNewswire/ -- BORN, a leading technology and business solutions consulting firm, today announced that it has completed a financial restructuring that solidifies the company's financial outlook and provides investment capital to fuel growth. The restructuring transfers primary ownership of BORN from founders Rick Born and Dale Holmgren to an investment group led by Washington & Congress Capital Partners, a Boston-based investment firm that has been a long-time investor in BORN. Terms of the deal were not disclosed.
The BORN board of directors has named Elmer Baldwin as the new CEO. Baldwin was formerly president and COO of Manchester ...