Broadview Capital Partners Leads Consortium of Top-tier Venture Capital Investors To Fund Global Expansion and New Technologies
United Messaging, the leading global enterprise messaging solution provider, today announced that it has closed $70 million in equity financing from an investment consortium led by Broadview Capital Partners, a leading M&A advisor and private equity investor focused exclusively on the IT, communications and media industries.
United Messaging will use the funding to expand service platforms and market penetration in the US and internationally, as well as to support the launch and promotion of a variety of existing and upcoming messaging technologies and services. The company will also use this capital infusion to continue its rapid global expansion, including opening new sales offices in Europe and Asia and enhancing its operations infrastructure.
"We see incredible potential for United Messaging in the outsourced enterprise messaging space," said Stephen J. Bachmann, Managing Director, Broadview Capital Partners. "With the company’s strong management team, a rapidly growing client base and innovative messaging and collaboration services based on best-of-breed technology and professional expertise, we fully expect the company to lead in the enterprise messaging industry."
Joining Broadview Capital Partners are new investors First Union Capital Partners (NYSE:FTU), Comcast Interactive Capital, and Brinson Partners. All previous United Messaging investors - including Internet Capital Group (NASDAQ:ICGE), Oak Investment Partners, Infinity Capital, and Labrador Ventures - have also participated in this round, demonstrating continued commitment to United Messaging and its focused "messaging for the enterprise" business strategy.
"Our investors’ trust in us underscores to our clients that United Messaging is a leading player in the enterprise messaging and collaboration space," said Robert F. Jones, United Messaging president and CEO. "It is a testament to United Messaging’s targeted business model and strong management team that we were able to attract such impressive interest from a number of world leading investment groups, particularly in today’s technology and services market. This investment will be a great asset to United Messaging as we continue to move forward with our global expansion, infrastructure development, and sales growth efforts."
The size and quality of the investment indicates strong industry validation of United Messaging’s unique business model, which combines the benefits of managed and professional services outsourcing with the efficiency and affordability of the ASP model to deliver messaging and collaboration solutions to enterprises worldwide. This investment also serves as strong validation of United Messaging’s comprehensive services offering.
The announcement comes during a period of substantial growth in which United Messaging has surpassed its global objectives in several key areas; including revenue, client base, personnel, product development and geographic expansion. Revenue increased for the first 10 months of 2000 in excess of 1,500% compared to total revenue from 1999. During the same period the company experienced a substantial increase in its enterprise client base - from 7 to 89.
To meet the growing messaging needs of enterprises worldwide, the company has significantly expanded and developed its comprehensive line of messaging products and services. United Messaging products and services combine the right blend of technologies, best practices and messaging talent to provide a comprehensive enterprise messaging solution, and include the following:
E-mail hosting for Microsoft®Exchange, Lotus® Notes/Domino, iPlanet
Message Control e-mail firewall services
eLinksm wireless messaging
Directory hosting and synchronisation
24x7x365 end user support
Mailgration migration services
Implementation of new messaging platform
E-mail policy development
The company has also increased its global reach through the establishment of new sales offices and extensive European operations. This rapid expansion highlights United Messaging’s strong value proposition in the enterprise messaging and collaboration market.
"United Messaging represents the very best of the global technology leaders," said Ann Lamont, Partner, Oak Investment Partners. "The company’s messaging-focused business model allows enterprises the world over to enjoy the benefits of cutting-edge, reliable and affordable e-mail and collaboration services without having to build out their own infrastructure, dedicate valuable staff to e-mail monitoring and administration, or struggle to keep pace with a progressively shortening technology curve."
About United Messaging
United Messaging is a global application service provider delivering hosted messaging and professional services. World-class people, processes, and technologies enable United Messaging to serve medium and large-sized enterprises with business-critical Microsoft Exchange, Lotus Notes/Domino, and Internet-based messaging applications. The company’s comprehensive approach delivers a unique combination of mailbox and professional services that increase messaging performance, reliability, scalability and security while reducing operational expense.
Headquartered in West Chester, PA with facilities across the U.S. and in Europe, United Messaging is an Internet Capital Group (NASDAQ:ICGE) partner company and a business partner of Dell, iPlanet E-Commerce Solutions, Lotus®, and Microsoft®Corporation. Additional information may be found at http://www.unitedmessaging.com
or call (888) 993-5088.
United Messaging is a trademark of United Messaging, Inc. All other trademarks mentioned herein are either trademarks and /or registered trademarks of their respective owners in the United States and/or other countries.
For press enquiries:
Direct Tel: 020 7898 3422
Direct Tel: 02 7898 3427
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