Investment Summary

Ridgewood Capital and Steelpoint Capital Partners Invest In Atempo

On September 5, 2007, asset manager Ridgewood Capital and private equity firm Steelpoint Capital Partners invested in software company Atempo for 22M USD

Investment Highlights
  • This is Ridgewood Capital’s 4th and Steelpoint Capital Partners’ 1st transaction in the Software sector.
  • This is Ridgewood Capital’s and Steelpoint Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Ridgewood Capital’s 9th and Steelpoint Capital Partners’ 6th transaction in the United States.
  • This is Ridgewood Capital’s 5th and Steelpoint Capital Partners’ 3rd transaction in California.
Investment Fate
  • Atempo was sold to a strategic buyer in 2011.

Investment Summary

Date 2007-09-05
Target Atempo
Sector Software
Investor(s) Ridgewood Capital
Steelpoint Capital Partners
Deal Type Venture
Deal Value 22M USD

Target

Atempo

Palo Alto, California, United States
Atempo is a provider of cross-platform data protection and archiving solutions. Atempo provides a comprehensive portfolio of integrated software solutions, including backup and recovery of servers, continuous data protection of workstations and laptops and long-term archiving of files and email messages.

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Investor(S) 2

Investor

Ridgewood Capital

Montvale, New Jersey, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 65M USD
Size Small
Type Sector Focused
DESCRIPTION

Ridgewood Capital is a private equity firm focused on investments in high-growth energy technology companies. Ridgewood looks for opportunities 'that are poised to meet the challenges brought on by the imbalance between the demand and supply of fossil fuels and the need of businesses and governments to become more energy efficient in order to meet requirements to reduce harmful emissions'. Ridgewood Capital is part of the The Ridgewood Companies, an investment group that also invests in oil/gas opportunities and renewable energy.


DEAL STATS #
Overall 9 of 12
Sector (Software) 4 of 4
Type (Venture) 7 of 8
State (California) 5 of 6
Country (United States) 9 of 12
Year (2007) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-08 SavaJe Technologies

Chelmsford, Massachusetts, United States

SavaJe Technologies, Inc. is a radically simplifies and accelerates the development of highly customizable, richly branded and secure user interfaces across mobile feature phone handsets. This enables operators and manufacturers for the first time to fully exploit the branding, marketing and revenue potential of mobile phones.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-08 Volterra Semiconductor

Fremont, California, United States

Volterra Semiconductor Corporation designs, develops and markets proprietary, high-performance analog and mixed-signal power management semiconductors for the computing, storage, networking and consumer markets.

Sell -
DESCRIPTION

Steelpoint Capital Partners is a private investment firm focused on investing in emerging consumer companies. Steelpoint is an active investor and pursues opportunities where it can provide guidance and expertise. Specific areas of interest include apparel, sporting goods, nutrition, and recreation. Steelpoint Capital Partners was formed in 2003 and is based in Carlsbad, California.


DEAL STATS #
Overall 7 of 12
Sector (Software) 1 of 1
Type (Venture) 3 of 6
State (California) 3 of 8
Country (United States) 6 of 11
Year (2007) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-17 Pacific Star Communications

Portland, Oregon, United States

Pacific Star Communications, Inc. (PacStar) is a manufacturer of advanced communications equipment based on industry major commercial off the shelf (COTS) technology. PacStar is also the creator of its patented IQ-Core Software which makes complex communications systems management, including cyber-security software and hardware, intuitive and easy-to-use. Pacific Star Communications was founded in 2000 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 prAna Living

Carlsbad, California, United States

prAna is an authentic, active lifestyle brand focused on designing and marketing innovative apparel and accessories with “purpose” for a broad audience of men and women.

Buy -