Seismic Micro-Technology Announces Strategic Investment from Technology Crossover Ventures and JMI Equity
Summary
What won’t change is our industry-leading commitment to customer support.” The strategic investment signals great confidence in SMT’s market leadership and ability to differentiate its integrated platform of geophysical and geological interpretation software products. “We look forward to investing in and continuing that legacy.” “We believe SMT is uniquely positioned for growth on account of its strong leadership team, reputation for world-class technical support, customer-centric culture and compelling and attractively priced software products,” added Bob Smith, General Partner of JMI. “We look forward to applying our software industry expertise to help Tom and his team expand SMT’s geographic presence and product offering.” As part of the investment, Reynolds, Smith and Yuan will join the SMT Board of Directors. With $4.7 billion in capital under management, TCV has made growth equity and recapitalization investments in over 150 companies leading to 43 initial public offerings and more than 30 strategic sales or mergers. Representative investments include Altiris, eHarmony, Expedia, Global360, InPhonic, Liquidnet, Netflix, RealNetworks, Redback Networks, Solarc, Solect Technology, Webroot, and Xylan.
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