SC&H Capital Advises Message Systems, Inc. in its Funding by NewSpring Ventures
SPARKS, Md., March 24 /PRNewswire/ -- SC&H Capital, an investment banking and advisory firm to middle market businesses, served as exclusive financial advisor to Message Systems, Inc. in accepting an investment from NewSpring Ventures, a venture capital fund. This funding represents Message Systems' first round of institutional capital and will support their continued growth and international expansion. The financial terms of the acquisition were not disclosed.
Founded in 1997, Message Systems is a worldwide provider of message management solutions and services for email service providers, Internet service providers, social networks and large enterprises that need to manage large volumes of business-critical email. Through a combination of technology, partnerships and intellectual capital, Message Systems offers a suite of software solutions and services that address the business and infrastructure needs of organizations ranging from e-commerce companies to the Global 2000. With the most powerful message management platform on the market, Message Systems gets billions of unique messages to the right place at the right time every day. Headquartered in Columbia, Maryland, Message Systems has representatives and partners in North America, Europe and Asia Pacific.
Message Systems founder and president, George Schlossnagle, said, "In NewSpring Ventures, SC&H Capital connected us with a partner that will enable us to continue to pursue our goals independently by accelerating the pace of our product innovation and market expansion. With the guidance of SC&H Capital, we took a holistic approach to this round of funding which included the evaluation of several forms, and sources, of capital. In the end, NewSpring's smart, pragmatic approach and technology expertise make the firm an ideal partner for us."
NewSpring Ventures is a venture fund that provides capital for growth, expansion, recapitalizations, and venture buy-outs to businesses in the Mid-Atlantic region. The fund invests in companies focused on enabling technology, business services, and information technology.
Michael DiPano, General Partner of NewSpring Ventures, said, "Message Systems is an industry leader in digital messaging solutions. It is a mature company with a solid business model, proven products, a cohesive vision and a seasoned management team -- the perfect fit for our investment portfolio." DiPano added, "Message Systems already has a marquee client base and is perfectly poised to capitalize on the enormous opportunity with enterprises and service providers alike as they optimize their digital communications. We are excited about collaborating with Message Systems to realize this opportunity and secure its position as the global technology standard for digital messaging."
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, LLC, is an investment banking advisory firm to middle market businesses. SC&H Capital supports their investment banking activity with a full suite of strategic and financial resources to assist companies in the development and execution of strategic plans and initiatives. In conjunction with SC&H Group, LLC, SC&H Capital tailors their advisory services to ensure that their clients receive pertinent and valuable advice in every stage of the business life cycle -- not just at the time of sale.
Securities offered through Stout Causey Capital Corporation, member FINRA.
About Message Systems
Founded in 1997, Message Systems is a worldwide provider of message management solutions and services for email service providers (ESPs), Internet service providers (ISPs), social networks and large enterprises that need to manage large volumes of business-critical email. Through a combination of technology, partnerships and intellectual capital, Message Systems offers a suite of software solutions and services that address the business and infrastructure needs of organizations ranging from e-commerce companies to the Global 2000. With the most powerful message management platform on the market, Message Systems gets billions of unique messages to the right place at the right time every day. Headquartered in Columbia, Maryland, Message Systems has representatives and partners in North America, Europe and Asia Pacific. For more information, go to www.messagesystems.com or call 1.877.887.3031.
About NewSpring Capital
NewSpring Capital, based in Radnor, Pennsylvania, Short Hills, New Jersey, and Washington, D.C., is a leading provider of private equity capital focused on the Mid-Atlantic region. NewSpring Capital currently has $600 million across three distinct investment strategies through its family of funds. The firm's portfolio consists of over 40 companies with aggregate revenues in excess of $3 billion. For more information, go to www.newspringcapital.com.
Contact: |
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Katie Lochte |
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410-785-8052 |
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SOURCE SC&H Capital
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