Austin Ventures Promotes Craig Milius to Principal; Milius to Continue Efforts to Help Lead Firm in Business Services and Technology-Enabled Outsourcing Investments.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Aug. 18, 2003 Austin Ventures, one of the nation's most active venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , today announced the promotion of Craig Milius to principal. Milius will continue to focus his efforts on identifying and partnering with exceptional management teams of leading business services and technology-enabled outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million . "Partnering with Austin Ventures and working with Craig Milius has proved invaluable to the achievement of our business objectives," said Raymond B. Greer, President & 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. , Newgistics Inc., an Austin Ventures portfolio company. "The value-add that Austin Ventures provides goes way beyond the financial commitment." In addition to Newgistics, Milius is working with the teams of portfolio companies Credant Technologies, Prenova, and FacilityPro. Ken DeAngelis, an Austin Ventures general partner, said, "The promotion of Milius is a key element of our plan to build a pre-eminent Services team in the venture capital industry. Craig's experience, domain knowledge, and creative approach provides significant value to our firm." Before joining Austin Ventures in 2000, Milius served as an Associate with Primus Venture Partners, a Cleveland-based growth equity firm he joined in 1997. Before Primus, Milius worked in the Investment Banking division at Salomon Brothers Inc., where he completed merger and acquisition, strategic advisory, and capital-raising assignments for clients in a variety of industries. Milius earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Kellogg Graduate School of Management at Northwestern University and his BBA BBA abbr. Bachelor of Business Administration from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . In addition to the promotion of Craig Milius, Austin Ventures announced the hiring of John Durrett and Matt Bowman as Associates. Durrett will focus on the firm's Services investment area. Previously, Durrett was with Hicks, Muse, Tate, & Furst, where he supported new deal teams and portfolio company management teams in making strategic and operational decisions. Before Hicks Muse, Durrett was a consultant with McKinsey & Company, where he served clients in the energy, technology, and non-profit sectors. Bowman will focus on the firm's Hardware and Services investment areas. Previously, Bowman was an associate with Dallas-based MHT MHT Multiple-Hypothesis Tracking MHT Male Hose Thread MHT Mental Health Team MHT Multiple Hypothesis Testing MHT Manchester, NH, USA - Manchester (Airport Code) MHT Multi-server Hyper-threading Transportation Partners, where he provided strategic and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to middle-market companies. Bowman was also an analyst in the technology practice at RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
About Austin Ventures Austin Ventures has been working with talented entrepreneurs to build valuable companies since 1979. With $2.4 billion under management, AV is the most active venture capital firm in Texas, and one of the most established in the nation. With a focus on enterprise software, computer and communications hardware, and business services, Austin Ventures invests at all stages of company development, from $100,000 "planned experiments" to $50+ million investments in management buyouts. |
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