TechOperators
| Type | Early Stage Technology Venture Capital Firm |
|---|---|
| Headquarters | Atlanta, US |
| Key people |
David Gould, Partner Glenn McGonnigle, Partner Said Mohammadioun , Partner Thomas E. Noonan, Partner |
| Website | http://www.techoperators.com |
TechOperators is an early stage venture capital firm focused on software, Internet services, cloud computing, security, infrastructure, and mobile computing.[3] It is based in Atlanta, Georgia, U.S.A., and was founded in 2008.
Company Overview
TechOperators was established in 2008 to focus on filling what is commonly labeled as the “funding gap”. Led by veteran technology entrepreneurs and executives David Gould, Glenn McGonnigle, Said Mohammadioun, and Tom Noonan, the company provides up to $4 million of funding to software as a service companies (SaaS),that have annual revenues of at least $1 million. TechOperators takes an active role in their investments providing not only investment capital, but also applying their operational knowledge.[4]
Partners
- David Gould — Former chairman and CEO of Atlanta-based software maker Witness Systems Inc., which was acquired by Verint Systems Inc. in 2007.
- Glenn McGonnigle — Former chairman and CEO of Atlanta-based VistaScape Security Systems Corp., which was acquired by Siemens Building Technologies Inc. in 2006.
- Said Mohammadioun — Founded Atlanta software firm Samna Corp., which Lotus Development Corp. bought in 1990 for $65 million. Former CEO and chairman of Synchrologic Inc., which was sold to Intellisync Corp. in 2003 for about $85 million. Nokia Corp. bought Intellisync in 2006.
- Tom Noonan — Co-founded Internet Security Systems Inc., which IBM Corp. acquired for $1.5 billion in 2006.[4]
Current Fund and Investments
TechOperators raised a $30 million fund in 2008 in addition to a series of personal investments by the company’s partners.[4] In their first fund, TechOperators invested in Vocalocity, a VoIP company providing hosted PBX for small businesses.[5]
References
- ↑ Nielsen Business Media, Inc (1981-07-04). "7 tons of sound: German Kraftwerk". Billboard. Retrieved 2010-10-29
- ↑ Gholz, Carlton (2004-07-14). "The search for Heaven – How Ken Collier, a gay black DJ, influenced a generation". Metro Times (Detroit). Retrieved 2010-10-29
- ↑ http://www.techoperators.com/images/pdfs/techannc.pdf Atlanta Software Veterans Join Forces to Launch New Venture Capital Firm
- ↑ 4.0 4.1 4.2 http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M
- ↑ http://www.marketwire.com/press-release/Vocalocity-Inc-942839.html TechOperators Lead Series B Round for SaaS Leader for Small Businesses