Investment Summary

Frontier Growth Invests In Digital Envoy

On July 23, 2001, growth capital firm Frontier Growth invested in information technology company Digital Envoy for 11M USD

Investment Highlights
  • This is Frontier Growth’s 3rd transaction in the Information Technology sector.
  • This is Frontier Growth’s largest (disclosed) transaction.
  • This is Frontier Growth’s 3rd transaction in the United States.
  • This is Frontier Growth’s 2nd transaction in Georgia.
Investment Fate
  • Digital Envoy was sold to a strategic buyer in 2007.

Investment Summary
Date 2001-07-23
Target Digital Envoy
Sector Information Technology
Investor(s) Frontier Growth
Deal Type Venture
Deal Value 11M USD

Target

Digital Envoy

Duluth, Georgia, United States
Digital Envoy, Inc., is the parent company of Digital Element and Digital Resolve. Digital Element is the pioneer and leading provider of IP Intelligence solutions for a variety of media and Internet applications. Leading web publishers, search engines, advertisers and analytics firms use Digital Element’s IP Intelligence and Geolocation solutions to tailor content to web visitors, revolutionizing the way consumers experience the Internet.

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Investor(S) 1

Investor

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 58
Sector (Information Technology) 3 of 14
Type (Venture) 1 of 7
State (Georgia) 2 of 8
Country (United States) 3 of 54
Year (2001) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-20 Flexential

Charlotte, North Carolina, United States

Flexential is a hybrid IT infrastructure provider with a national footprint offering expertise in colocation, connectivity, cloud, and managed solutions. The company operates 40 data center facilities across 20 major domestic and international markets. Flexential serves 4,400 blue chip customers diversified across industries, geographies, and size with particular expertise in healthcare and SaaS. Flexential was founded in 2000 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-04 LURHQ

Myrtle Beach, South Carolina, United States

LURHQ Corporation managed IT Security Services in US. It offers managed security services, such as managed intrusion prevention, managed vulnerability scanning, threat intelligence, managed intrusion detection, managed firewall, and managed enterprise security monitoring.

Buy -
Mergr

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