TechOperators
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| Company type | Early Growth 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 growth stage venture capital firm focused on innovative solutions in software, Internet services, cloud computing, security, infrastructure, and mobile computing.[1]
Company Overview
TechOperators was founded in 2008 focusing on filling what is commonly labeled as the “funding gap”. Led 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.[2]
Current Funding and Investments
TechOperators is raising a $30 million fund in addition to a series of personal investments by the company’s partners.[2] In their first round of funding, TechOperators has invested in Vocalocity, a VoIP company providing hosted PBX for small businesses.[3]
References
- ^ http://www.techoperators.com/images/pdfs/techannc.pdf Atlanta Software Veterans Join Forces to Launch New Venture Capital Firm
- ^ a b c 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