Aston Brooke to Become FullTilt Solutions; Receives $60 Million Investment and Names New CEO.Business Editors/Hi-Tech Writers KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--May 5, 2000 Aston Brooke, now FullTilt Solutions(TM), Inc., a pioneer in delivering large online relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. systems development and integration services and complete business-to-business Internet commerce solutions, today announced a $60 million investment commitment from Mellon Ventures, Inc., William E. Simon William Edward Simon (November 27 1927 – June 3 2000) was a businessman, a Secretary of Treasury of the U.S. for three years, and a philanthropist. He became the 63rd Secretary of the Treasury on May 8 1974, during the Nixon administration. & Sons, and Grotech Capital Group. The company will use the investment capital to accelerate organic expansion, drive sales, marketing, training, and recruiting efforts, and to build a national business-to-business Internet commerce solutions powerhouse. Aston Brooke changed its name to FullTilt Solutions, Inc. to more appropriately define the company's position in the market place. FullTilt will deliver a unique and sophisticated end-to-end offering of products, tools, content, and services that breaks through the complex technology challenges confronting large companies and enables them to exploit the Internet. FullTilt also named Tim Wallace as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Wallace previously served as CEO of systems integrator XeroxConnect, an organization with over 2,000 employees. Wallace brings over 20 years of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. industry experience ranging from high-tech start-ups to Big 5 consulting firms. As CEO, Wallace will work closely with former Aston Brooke CEO and FullTilt President, Bob Moyer to evolve FullTilt into one of the nation's leading Internet commerce solutions providers. "I am extremely pleased that Tim is leading the team," said Moyer. "I have known Tim personally and professionally for more than 20 years, and his record of successfully leading high-growth, top-quality technology businesses speaks for itself," added Moyer. "Tim shares the values and the dedication to quality that have distinguished Aston Brooke over the years." "Aston Brooke stands as a model of what can be accomplished through superior relationship marketing, proven experience, solid delivery, and technological vision," said Wallace. "The opportunity to build on Aston Brooke's 13 years of success is outstanding." "Using Aston Brooke's rock-solid foundation and exceptional talent, we will build up and out," added Wallace. "We will initially expand geographically by acquiring exceptional companies in key markets. With this accomplished, we intend to grow organically from within rather than through additional acquisitions." Through a combination of focused service offerings and cutting-edge products, FullTilt will differentiate itself from the competition. "By leveraging our proven experience in relational database systems development and supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, with our breakthrough transintegrated XML-based content management products, FullTilt will redefine the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Internet commerce solutions provider category," stated Moyer. "Our end-to-end services and products will transcend those of competitors and intelligently accelerate the pace of business transformation," said Wallace." We will combine speed with strategy and our ability to deal with the technical and logistical complexities of Internet commerce to deliver superior value to our customers." About Mellon Ventures, Inc. Mellon Ventures, Inc. sources, evaluates, and structures potential equity investments for Mellon Ventures L.P., Mellon Financial Please help [ convert this timeline] into prose or, if necessary, a . Corp.'s venture capital investment partnership. Mellon Ventures currently maintains offices in Atlanta, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Pittsburgh, Philadelphia, and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . These regional offices facilitate closer and more frequent face-to-face contact with their portfolio companies, and allow them to develop a network of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. relationships within each community. About William E. Simon and Sons William E. Simon & Sons ("WES&S"), a private investment and merchant-banking firm, was founded in 1988 by former U.S. Secretary of the Treasury, William E. Simon, and his sons William E. Simon, Jr. and J. Peter Simon Peter Simon may refer to:
Since its formation, WES&S Private Equity Group has developed an investment approach that capitalizes on the transformational growth opportunities that a number of industries and individual companies face in the developing environment of a technology-driven economy. The Firm pursues situations, which provide for superior growth prospects by leveraging its capital and expertise through an effective partnership with company management. The Firm has successfully deployed its strategy in targeted business platforms including, information technology services, education and selected segments of manufacturing. Since 1994, the Firm has invested in excess of $375 million of equity. The Firm has offices in Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. , and Los Angeles. About Grotech Capital Group Founded in 1984, Grotech Capital Group is the largest private equity firm focusing exclusively on the Mid-Atlantic and Southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With over $500 million in Capital under management and offices in Maryland and Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. , Grotech invests in Internet, Information Technology, Communications, Healthcare, Service Industries, Consumer Products, and Basic Industries. Investments range from early stage growth companies to middle-market buyout opportunities. About FullTilt Solutions FullTilt Solutions is a leading Internet commerce solutions provider with a unique end-to-end offering of products, tools, and services. By combining speed with strategy and the ability to navigate the technical and logistical complexities of the business-to-business environment, FullTilt Solutions intelligently accelerates the pace of business transformation for large corporations. www.fulltiltsolutions.com |
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