|
Press Release |
|||
|
ePartners Secures $10 Million in Private Equity; Funds to Fuel Next Phase of Growth StrategyDALLAS--(BUSINESS WIRE)--Sept. 3, 2002--ePartners(R), a leading information technology business solutions provider for middle market companies, today announced that it has secured $10 million in private equity financing. The round was led by Texas Growth Fund and Austin Ventures, both of Austin, Texas. Proceeds from the financing will be used to fund growth initiatives, working capital and strategic mergers and acquisitions. "The significance of securing this funding in today's business climate can not be underestimated," said Dan Duffy, chief financial and operating officer of ePartners. "It speaks volumes to both the strategic value of our place in the market as the single largest North American Microsoft and Best business applications partner, and to the outstanding support from our investor group: Texas Growth Fund, Austin Ventures, Liberty Mutual and Capital Resource Partners." "The Texas Growth Fund is excited about the opportunity to continue to support ePartners," said Brent Humphries, vice president of Texas Growth Fund. "ePartners has an outstanding management team with a proven ability to execute, despite a difficult environment for IT spending. We also believe that ePartners represents a business with true strategic value due to its position as the leading business solutions partner for both Microsoft Business Solutions and Best Software. This should enable ePartners to achieve rapid growth when technology spending returns in the future." About ePartners Inc. As the largest global partner for Microsoft Business Solutions, Solomon, Best Software, SalesLogix and Siebel's Mid-Market Edition, ePartners is the leading provider of Microsoft-based business solutions for middle market companies. The company implements, deploys, develops and manages the leading Microsoft-based Enterprise Resource Planning (ERP/Accounting), Customer Relationship Management (CRM), Professional Services Automation (PSA), Business Analytics, eBusiness Integration and Infrastructure technologies on the market. Backed by Texas Growth Fund, Austin Ventures, Capital Resource Partners and Liberty Mutual, the company has assisted more than 8,800 customers in 50 industries and 45 countries. In 2001, ePartners was recognized by Inc magazine as the fifteenth fastest-growing private technology company in America. ePartners celebrates its 10th anniversary in 2002. For more information, please visit http://www.epartnersolutions.com/ All products mentioned in this release are registered trademarks or trademarks of their respective holders. Editorial Contact: Sharon Van Buskirk ePartners, Inc. 972-582-3646 svanbuskirk@epartnersolutions top of page |
|||