Micros-to-Mainframes and Pequot Ventures Sign Agreement for up to $25 Million of Funding for Acquisition Program
Summary
The acceptance by middle market companies of selective outsourcing of their data center, storage, security and collaboration needs, as well as their desire to obtain quality IT solutions from a single source and on a national scale, provides MTM with a unique opportunity." The Company also intends, following the closing of the initial Pequot investment, to retain Alan Schwartz as its Chief Financial Officer and John F. Kohler as its General Counsel. MTM is a certified and authorized reseller/partner and integrator for Microsoft, Cisco, Citrix, HP/Compaq, Neoteris, SecureWave, Symantec, Internet Security Systems, Packeteer, NetIQ, Intel, IBM, Dell Computer, Lexmark and Novell. Pequot Ventures creates value by bringing energy and substantial industry expertise to its portfolio companies through the collective intellectual capital, deep operating experience and extensive network of its investment team. The firm leverages its unique multi-billion dollar presence across both public and private equity markets to help build competitive, sustainable businesses in fast changing environments throughout their lifecycle.
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