TechOperators
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Tech Operators
Tech Operators is an early growth stage venture capital firm focused on innovative solutions in software, Internet services, cloud computing, security, infrastructure, and mobile computing. [1]
Company Overview
Tech Operators was founded in 2008 focusing on filling what is commonly labeled as the “funding gap”. Lead by veteran technology entrepreneurs and executive David Gould, Glenn McGonnigle, Said Mohammadioun, and Tom Noonan, the company provides up to $4 million dollars of funding to software as a service companies (SaaS),that have annual revenues of at least $1 million. Tech Operators takes an active role in their investments providing not only investment capital, but also applying their operational knowledge. [2]
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. (3 Cite Atlanta Business Chronicle)[3]
Current Funding and Investments
Tech Operators is raising a $30 million fund in addition to a series of personal investments by the company’s partners. [4]
References
- ^ http://www.techoperators.com/images/pdfs/techannc.pdf Atlanta Software Veterans Join Forces to Launch New Venture Capital Firm
- ^ http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M
- ^ http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M
- ^ http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M