February 25, 1998
ABI to Acquire Walter Karl
American Business Information Inc. (ABI), Omaha, NE, announced Feb. 24 that it has agreed to acquire Walter Karl Inc. "Walter Karl is an old-line blue chip company that provides direct marketing and data processing services to businesses," said Vinod Gupta, chairman of ABI. "The company also provides valuable database marketing, statistical analysis, list brokerage, data enhancements and management services -- all of which complement the services provided by Database America, which ABI acquired in early 1997." Added CEO Scott Dahnke, "The breadth of Database America's and ABI's business and consumer database and direct marketing services will enable us to better serve Walter Karl's existing customers." Walter Karl was founded by Walter Karl in 1957. Its headquarters are in Greenwich, CT.