Principals from Allen & Co., St. Charles Capital, CAMC and Vestar Capital Partners Lead Investment in Work Options Group.SUPERIOR, Colo. -- Work Options Group Receives Funding from Investment Group Led by Principals from Allen & Co., St. Charles Capital, Countryside Asset Management Corp. and Vestar Capital Partners; Company Adds Three Board Members and Announces Executive Leadership Change Work Options Group, the leading provider of backup dependent care services for employers throughout the U.S. and Canada, announced today the completion of a financing transaction led by investments from principals of Allen & Co., St. Charles Capital, Countryside Asset Management Corporation and Vestar Capital Partners. The investment follows the company's recent client additions, which include Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, , Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities , Reuters and The Children's Hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. (Denver). "We are very pleased by the enthusiasm and support of this prominent group of investment professionals," stated Christopher Gatti, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Work Options Group. "Their financial commitment demonstrates their belief in our ability to bring our proven, cost-effective solution to a broad spectrum of the marketplace. The investment enables Work Options Group to further enhance systems and support for the needs of our rapidly expanding client base." The company also named the following individuals to its Board of Directors: Robert Benson Robert Benson may mean:
ABMP American Board of Medical Physics (Houston, TX) ABMP Association of British Military Parachutists ABMP Agricultural Best Management Practices , former President of Children's World Children's World is a charity based in the UK It is known internationally (as Children's World International). It was set up by Arabella Churchill in 1981 after the success of the Children's World area at the Glastonbury Festival. and a former member of the Board of Directors of Bright Horizons; Larry Jones, former CEO of Activant Solutions, MessageMedia and Neodata Services, Inc.; and John Moritz, President of Countryside Asset Management Corporation. Additionally, Christopher Gatti, former President of Work Options Group, assumed the role of CEO and Cynthia Carrillo, founder and former CEO of Work Options Group, assumed the role of President. The investor group was represented by St. Charles Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Denver, CO. About Work Options Group - www.workoptionsgroup.com Work Options Group's Backup Care Options program enables more than 500,000 employees throughout the U.S. and Canada to get to work when they experience temporary breakdowns in their child, adult and elder care arrangements. Backup Care Options offers temporary care in every location, 24 hours a day, 365 days a year, for infants through the elderly, whether they are healthy or mildly ill. In 2005, Work Options Group arranged more than 124,000 hours of temporary care for client employees, saving client employers millions of dollars in absenteeism and lost productivity costs. |
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