Monday, November 6, 2006

Austin Ventures Names CEO To CreditCards.com

Austin, Texas-based Austin Ventures has recapitalized CreditCards.com, an online credit card search site, and appointed Elisabeth DeMarse as CEO of the firm. DeMarse is former CEO of Bankrate. Austin Venture said it received debt financing for the transaction in a partnership with American Capital Strategies, a buyout and mezzanine fund. CreditCards.com is also based in Austin.