Washington, DC and Atlanta, GA (April
3, 2008) – FOCUS
LLC, a national middle market investment banking firm announces
that Agentek, Inc. has been recapitalized with a Series A
Participating Preferred Stock by Edison Venture Fund. FOCUS
initiated the transaction, acted as financial advisor to,
and assisted with the negotiations as the representative
of Agentek.
Agentek is a leading provider of real-time, mobile field
software solutions that enable businesses to dramatically
improve customer service and retention and reduce operating
costs. From pre-packaged and configured applications
to backend enterprise integration, Agentek delivers end-to-end
mobile software solutions that address challenges in field
service, route accounting, direct store delivery and logistics
automation.
According to Jeff Jarvis, CEO, “this investment validates
Agentek’s vision and will accelerate their leadership
in the mobile field automation marketplace through increased
sales and marketing operations as well as expanded product
development.”
Established in 1986, Edison partners with entrepreneurs,
service providers and other financing sources to build successful
companies. Edison provides capital and value-added
services to expansion stage ($5 to 20 million revenue), information
technology businesses. Initial investments range from
$5 to 10 million. Edison typically serves as a sole
or lead investor. In addition to providing expansion
capital, Edison funds management buyouts, recapitalizations,
spinouts and secondary stock purchases. Edison currently
has $550 million under management and is actively making
new investments. www.edisonventure.com
“The mobile field force market is set to explode and
Agentek is positioned as the software development leader," says
Joe Allegra, the Edison general partner who will join Agentek’s
Board.
Jeff Jarvis concludes, “FOCUS’ familiarity
working with entrepreneurs and its ability to tap into a
seasoned Senior Advisor network were essential in assisting
Agentek on its journey from a great technology to a great
business model that was attractive to numerous investors. In
this transaction, Huxley Nixon, the lead banker for FOCUS
invited Dick Cook, a Senior Advisor, who was the retired
CEO of Mapics, Inc. and a senior executive with IBM to help
consult with the Company.”
About FOCUS LLC
FOCUS LLC provides a range of middle market
investment banking services with an emphasis on mergers,
acquisitions, divestitures and corporate finance. FOCUS is
headquartered in Washington, D.C. with regional offices in
Atlanta, Chicago, Los Angeles and San Francisco. FOCUS
specializes in business units with transactions or revenues
in the $5-300 million range, serving entrepreneurs, corporate
owners and various types of investors across a broad range
of industries, throughout the U.S. and worldwide. FOCUS
bankers are seasoned operating and financial executives with
extensive transaction experience. Securities transactions
conducted by Wm. H. Murphy & Co., Inc. registered Broker
Dealer member FINRA/SIPC. For more information on FOCUS,
visit www.focusbankers.com . |