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Slate Capital Group and New Markets Venture Partners Acquire eCoast Sales Solutions
Date:11/24/2009

Slate and New Markets build on their combined strength and momentum in the business services sector.

Baltimore, Md. (PRWEB) November 24, 2009 -- Slate Capital Group (www.slatecap.com), a private equity firm based in Baltimore, Maryland, and New Markets Venture Partners (www.newmarketsvp.com), a venture capital firm based in College Park, Maryland, today announced that they have acquired Ecoast Sales Solutions, Ltd. ("eCoast"). eCoast, based in Rochester, NH, is an outsourced sales and channel marketing agency that executes highly-customized programs for the high-technology industry.

"We are excited about our partnership with Slate and New Markets and the growth potential that is ahead of us," said Allen Tait, co-CEO of eCoast. "There is a tremendous need for the lead generation services that eCoast provides, and the company has continued to expand its capabilities to support channel partners in their marketing and demand generation efforts. With the resources and expertise that Slate and New Markets provide, we can enhance our offerings, expand our presence and our customer base, and solidify our leadership position in our industry."

Chris Montgomery, co-CEO of eCoast, and Allen Tait identified eCoast as a platform company to enter the rapidly-growing demand generation and channel management space and partnered with Slate and New Markets to consummate the acquisition. The interest in eCoast was derived from the attractive fundamentals of the company and its industry, including strong operating margins, recurring revenue streams, and a highly-fragmented marketplace. "We are delighted with our partnership with eCoast," said Erik Ginsberg, Managing Partner of Slate
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