Navigation Links
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 Capital Group. "We believe that eCoast is highly-differentiated from its competitors with its diverse service offering, blue chip customer base, and strong management team.”    

"This transaction provides us with an opportunity to partner with a talented management team in an attractive industry and with a company that has built a first-class reputation over the last decade," said Robb Doub, General Partner at New Markets Venture Partners. "We believe there is ample opportunity to grow organically and through strategic acquisitions, and we look forward to working with the eCoast team."

About eCoast

eCoast is an outsourced sales and channel marketing agency focused on executing highly-customized programs that result in increased revenue and outreach for the high-technology industry. With proven methods of increasing pipeline revenue, shortening sales cycles, and building long-term relationships with diverse clients, eCoast has developed a solid reputation for success, and is the primary marketing firm for many leading technology manufacturers, partners, and value added resellers across North America. Additional information about the company can be found at www.ecoastsales.com.

About Slate Capital Group

Slate Capital Group is a leading private equity investment group based in Baltimore, Maryland that invests at all stages of a company’s life cycle, from growth equity investing to leveraged buyouts, and is focused on companies headquartered in the Mid-Atlantic region. The principals of Slate have significant experience in both running small-to-mid-sized companies and investing in venture capital and leveraged buyout transactions. Slate's primary areas of focus include business services, direct marketing, healthcare services, for-profit education, niche software and consumer and retail investments. Additional information can be found at www.slatecap.com.

About New Markets Venture Partners

New Markets Venture Partners is a leading venture capital firm that invests in and actively assists innovative information technology, education, and healthcare companies. The New Markets Team has decades of experience investing in and building high growth companies, and benefits from the wisdom, tenacity, and vision of founders of a highly successful public company and one of the U.S.'s premier venture firms. Additional information can be found at www.newmarketsvp.com.

For further information contact:

Erik Ginsberg
Managing Partner
Slate Capital Group

Robb Doub
General Partner
New Markets Venture Partners

###

Read the full story at http://www.prweb.com/releases/2009/11/prweb3245144.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. GSA showcases groundbreaking aging research slated for Atlanta meeting
2. Initial Slate of Speakers and Sponsors Announced for BioConference Live, Online Conference for the Life Science Community on November 17-19
3. Family Issues Translate Into Sick Days at Work
4. Beginning Swim Classes Too Advanced for Many Beginners; Swim Instructor Conference Slated
5. Ted Karkus and Karkus Slate of Directors Prevail in Federal Court, Seated as Directors of The Quigley Corporation; Ted Karkus Elected Chairman of the Board
6. Few pharmacies can translate prescription labels into Spanish
7. American Heart Association Web Site Now Offers Content Translated Into Traditional Chinese
8. Safeway Slated to Top $100 Million Contribution Mark to Easter Seals and Families Living with Autism and Other Disabilities with Launch of Fundraising Campaign
9. Safeway Slated to Top $100 Million Contribution Mark to Easter Seals and Families Living with Autism and Other Disabilities with Launch of Fundraising Campaign
10. Amylin Pharmaceuticals Announces Slate of Directors for Annual Meeting of Stockholders
11. LCA-Vision Announces Termination of Consent Solicitation and Withdrawal of Dissident Slate of Director Nominees
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2017)... ... June 26, 2017 , ... ... leakage is revolutionizing the way women look and feel about themselves and their ... of female sexual dysfunction and urinary leakage head on with a ground breaking ...
(Date:6/25/2017)... ... 2017 , ... FCPX LUT Vintage Volume 2 for Final Cut Pro X ... Volume 2 contains 60 different color-grade presets, giving editors multiple options for adding different ... single out subjects, plus much more. FCPX LUT Vintage Volume 2 is designed for ...
(Date:6/25/2017)... CA (PRWEB) , ... June 25, 2017 , ... With a heatwave currently bearing down ... or hanging out at the pool. Being swimsuit ready is easy with laser hair removal. ... and repeat again can be a burdensome routine when all you want to do is ...
(Date:6/24/2017)... (PRWEB) , ... June 24, 2017 , ... The weather ... spend time outdoors. Home and business owners should be aware that the summer months ... lake. In fact, mechanical locks and keys can be negatively affected from direct exposure ...
(Date:6/23/2017)... (PRWEB) , ... June 23, 2017 , ... ... Reconciliation Act (BCRA), their proposed healthcare bill to repeal and replace the Affordable ... the Senate bill would make significant cuts to Medicaid, a public health insurance ...
Breaking Medicine News(10 mins):
(Date:6/1/2017)... Pa. , June 1, 2017 Nutriceutical ... and Veterinarian Recommended Solutions (VRS), and KD Pharma Group ... in Nutriceutical Holdings by KD Pharma Group. KD Pharma ... with the option to acquire the entire company. ... in KD. They are committed to growing the NH ...
(Date:5/29/2017)... AVIV, Israel, May 29, 2017  Cellect Biotechnology Ltd. ... innovative technology which enables the functional selection of stem ... results for the first quarter ended March 31 st ... with our accomplishments in the first quarter of 2017," ... first quarter, we announced the treatment of the first ...
(Date:5/23/2017)... 2017  Leaf Healthcare, recognized for developing one ... pressure ulcer prevention, will unveil its comprehensive mobility ... Care Nurses, National Teaching Institute and Critical Care ... Leaf Patient Monitoring System is the first mobility ... The system seamlessly tracks patient movement throughout the ...
Breaking Medicine Technology: