| |
ski properties for sale in bansko
News and Information Article
Expanded Resources Allow Portfolio Companies to Seize Opportunities to
Scale and Breakthrough
BELLEVUE, Wash., June 2 // -- Ignition Partners, LLC
("Ignition"), a premier venture capital firm based in the Northwest, today
announced the addition of $80 million in commitments to its third fund,
originally closed in October of 2004. A portion of these funds will be
aimed at portfolio company mergers, acquisitions and other investments to
increase scale. This closing follows shortly after Ignition portfolio
companies SeaMobile Enterprises, Wireless Services and Ice.com each
announced significant acquisitions and after Ignition announced Qiming
Venture Partners, its China partner fund. The addition of these fund
commitments from Ignitions existing national and global institutional
investors brings total funds under management to over $1 billion.
"Ignition was our first institutional investor," said William D. Marks,
CEO of SeaMobile Enterprises. "They have been our close partner in all
aspects of the business, from formation of the company, to helping us scale
to our most recent acquisition." SeaMobile recently acquired MTN
Communications Inc. for a purchase price in excess of $150 million.
"Ignition is unusual," said Rich Begert, CEO of Wireless Services, which
recently purchased Mobile Media North America. "Because of Ignitions
strong partnership, flexibility and ready support I could act quickly and
seize a key opportunity."
"Our strategy and commitment is to continue to help our companies
succeed in any way we can," said Robert Headley, a Partner at Ignition. "We
have worked hard since we started in 2000 to find and support the best
entrepreneurs. Weve done this at the earliest stages with our
Entrepreneur-in-Residence program and seed investments. Now with our Fund
III, our Qiming partner fund, and this additional capital we are even
better positioned to increase our commitments as our companies scale
whether organically, globally or through mergers and acquisitions. An
example of this synergy in action was the support we were able to provide
to our portfolio company Melodeo with their joint venture in China."
"The Ignition guys are great early stage partners," said Brett Helsel,
CEO of Lockdown Networks and former CTO of F5. "They were our first
investors and it has been terrific having such engaged local partners. But
as an aggressive entrepreneur its really important to me to know they have
the appetite, resources and value-add to grow as I grow -- that they have
what it takes to go the distance."
About Ignition Partners
Ignition Partners, (http://www.ignitionpartners.com), headquartered in
Bellevue, Wash., is a premier venture capital firm dedicated to helping the
best entrepreneurs seize opportunity -- from turning their early idea into
a business, to hiring the right team, providing the right industry and
functional insight and connections, and growing their business
strategically, globally and financially to realize the best ultimate
outcome. Ignition invests in emerging and future leaders in communications,
internet, software, and services across business and consumer targets.
Ignition brings together an unparalleled combination of domain focus,
technical expertise and global operational experience. Ignitions partners
are proven business leaders who have built some of the worlds most
successful businesses of the last two decades, including Microsoft Windows
and Office, McCaw Cellular Communications, AT&T Wireless and Starbucks.
| |
|
|
 |
ski properties for sale in bansko |
|
|
|
|
|
|
|
|
|
Locations
