Venture • Information Technology

Alta Equity Partners Invests In AmeriVault

On June 16, 2003, private equity firm Alta Equity Partners invested in information technology company AmeriVault for 1M USD

Investment Context
  • This is Alta Equity Partners’ 1st transaction in the Information Technology sector.
  • This is Alta Equity Partners’ 2nd largest (disclosed) transaction.
  • This is Alta Equity Partners’ 20th transaction in the United States.
  • This is Alta Equity Partners’ 1st transaction in Louisiana.
Investment Fate
  • AmeriVault was sold to a strategic buyer in 2009.

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Investment Summary

Date June 16, 2003
Target AmeriVault
Sector Information Technology
Investor(s) Alta Equity Partners
Deal Type Venture
Deal Value 1M USD

Target Company

AmeriVault

Baton Rouge, Louisiana, United States
AmeriVault provides online data backup services to companies worldwide. AmeriVault offers highly reliable, automated backup and recovery services that assure fast and accurate restoration following data loss or destruction. As a result, AmeriVault's technology-driven solution delivers an entirely new business model for the traditional offsite data storage and protection industry.
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Investor Overview 1

Investor

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


Deal Context for Investor #
Overall 23 of 40
Sector: Information Technology 1 of 2
Type: Venture 2 of 4
State: Louisiana 1 of 1
Country: United States 20 of 36
Year: 2003 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 JW Broadcasting

Atlanta, Georgia, United States

JW Broadcasting LLC is an operator of television platform company formed in May 2003 to acquire under-performing television stations in small to mid-sized markets. The Company's initial acquisition is a triopoly in Columbia - Jefferson City, MO consisting of a FOX affiliate, ABC affiliate, and UPN affiliate. JW Broadcasting was founded in 2003 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-17 Commonwealth Communications

Sierra Vista, Arizona, United States

Commonwealth Communications was a radio broadcasting company formed with a mandate of building strong radio clusters in small to mid-size markets across the United States.

Sell -