Cross Atlantic Capital Partners Exits its Position in Ecount as a Result of Acquisition by Citi.Early Investment Yields Significant Returns for Ecount's Largest Shareholder RADNOR Radnor may refer to:
Today's announcement marks the fifth successful exit that Cross Atlantic has completed in the past quarter. In February February: see month. of 2001, Cross Atlantic led the only institutional round of financing that Ecount has ever raised. The $11 million funding round included investments from two Cross Atlantic Funds, Cross Atlantic Technology Fund I (XATF I) and The Co-Investment Fund 2000 (CI 2000). This investment enabled Ecount to expand its infrastructure and support the development of additional product offerings. "Ecount has a leadership position in an expanding market, key strategic partnerships, and a strong, energetic and visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. management team," said Donald R. Caldwell, co-founder, Chairman 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 Cross Atlantic Capital Partners. "We are delighted to have contributed to Ecount's success but this acquisition is a true testament to two excellent entrepreneurs, Matt Gillin and Paul Raden," he added. Cross Atlantic has served as an active member on Ecount's board of directors since February 2001. About Cross Atlantic Capital Partners Cross Atlantic Capital Partners is an international venture capital firm focused solely on investing in innovative technology companies. Through its offices in Radnor, Pennsylvania Like many of the elite communities of Philadelphia's Main Line, Radnor is a picturesque enclave in Radnor Township, Pennsylvania in Delaware County. Part of Radnor is also in Tredyffrin Township, Pennsylvania in Chester County. , Dublin, Ireland and Edinburgh, Scotland, Cross Atlantic leverages its deep technology industry insights and business acumen acumen Astuteness, perception, perspicacity to provide its portfolio companies and business partners with a distinct perspective. With seven funds totaling nearly $600 million under management, Cross Atlantic is closely engaged with an extensive network of resources to nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. and grow its portfolio companies and provide superior returns to its investors. For more information, please visit www.xacp.com. |
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