Austin Ventures to Invest in Payment and Transaction Processing Sectors; Ty Miller, Former President and CEO of Bank One Global Treasury Services to Become Venture Partner.AUSTIN, Texas -- Austin Ventures, today announced that Ty Miller, a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry veteran, will join the firm as a Venture Partner to pursue investments in the transaction and payment processing sectors. Austin Ventures and Miller are actively evaluating numerous opportunities in this space. "We are excited about our partnership with Ty," said Blaine Wesner, general partner. "Austin Ventures has made a number of investments in this sector to date, and we believe a substantial opportunity exists in Texas and nationally for both technology-driven and services-centric businesses. Ty has a wealth of experience and contacts that are extremely valuable to high-growth companies." Miller's industry experience includes 28 years at Bank One, where he served as President and 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. of Bank One Global Treasury Services Treasury services is a function of an investment bank which provides transaction, investment and information services for chief financial officers, treasurers. Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as (GTS GTS abbr. gas turbine ship ) until the business merged with JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. in the summer of 2004. He reported directly to CEO Jamie Dimon and served on the Planning Group, Bank One's 13-member executive management committee. GTS provides a comprehensive range of payments and transaction processing services to businesses across the globe. Prior to GTS, he was Chairman and CEO of Bank One, Texas NA. Mr. Miller served as a director of Paymentech LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading merchant processing and electronic payments company, Visa USA, and was on the Executive Committee of The Clearing House, 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 . He currently serves as Chairman of Paymetric, Incorporated and of eCommLink, Incorporated and is a director of Corillian Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CORI). "Austin Ventures has committed significant capital and intellectual resources to this venture, and we're confident that our combined experience and market knowledge provides the right platform to build a successful portfolio," said Mr. Miller. "We're interested in partnering with outstanding management teams to provide capital and experience in order to build great companies." Mr. Miller will be based in Dallas, Texas and will evaluate potential deals throughout the United States. About Austin Ventures With $3 billion under management across nine funds, Austin Ventures has provided startup and growth capital to emerging companies for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . We partner with exceptionally talented entrepreneurs and operating executives to build valuable businesses in a variety of technology and service industries. We invest nationally but maintain a particular focus on Texas and the Southwest, where we are the region's most active investor. Our team of investment professionals works with companies at every stage of the funding lifecycle, from initial seed investments, through startup and growth capital, to management-led buyouts and recapitalizations. Austin Ventures brings a long-term investment perspective, broad experience in building high-growth companies, and access to an unparalleled network of entrepreneurs and executives. Visit www.austinventures.com for more information. |
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