TechOperators
| Company 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.[1] It is based in Atlanta, Georgia, U.S., and was founded in 2008.
Company Overview
TechOperators was established in 2008 to focus on filling what is commonly labeled as the “funding gap”[clarification needed]. 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.[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 Fund and Investments
TechOperators raised a $30 million fund in 2008 in addition to a series of personal investments by the company’s partners.[2] In their first fund, TechOperators 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