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12.09.2015
WhitePages is taking the unusual step of buying out its venture capital investors, paying $80 million to buy back shares from Technology Crossover Ventures and Providence Equity. It’s unclear what valuation was placed on WhitePages, which was founded in 1997 by Alex Algard as he was completing a summer internship on Sand Hill Road in Silicon Valley. WhitePages is a people search directory and database with billions of people records, and Algard says they are trying to kill off the phone book.
Business Insider reports today that the 130-person company is on a revenue run rate of $60 million, with Algard saying that the venture investors wanted out of the deal and because of the cheap debt right now they were able to raise the money. John Cook is GeekWire's co-founder and editor, a veteran reporter and the longest-serving journalist on the Pacific Northwest tech startup beat.


Sandy and Dennis Bullied were looking for new adventures in 2007 after running a successful caravan park outside Geraldton.
On Saturday night, at the 11th Annual Blackwood Valley and WA Boutique Wine Show Awards function held in Bridgetown, the Blackwood Valley Wine Industry Association announced that 50% of wine entered was worthy of a bronze medal or higher, and 40% of Blackwood Valley entries were awarded medals, a testament to the quality of wine being produced by boutique wineries. PMP has started to reduce staff at its Chullora directories plant as Sensis confirmed plans of a massive decrease of deliveries of the White Pages in Sydney and Melbourne. In response to overwhelming customer demand, Australian Paper, the nations only carbon neutral paper producer, today announced the introduction of seven new carbon neutral grades that will be widely available through a range of new distribution partnerships. Paul Allen, Australian Paper GM Marketing, said the carbon neutral stock will create a tonne of sustainable value by helping government and listed companies hit carbon reduction targets and improve triple bottom line reporting figures.


TCV and Providence invested in WhitePages in 2005, pumping $45 million into a company which had never taking venture capital during its first eight years.



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