Investment Summary

Windspeed Ventures and NMT Capital Invest In Zipit

On July 25, 2007, venture capital firm Windspeed Ventures and private equity firm NMT Capital invested in communications company Zipit

Investment Highlights
  • This is Windspeed Ventures’ 1st and NMT Capital’s 1st transaction in the Communications sector.
  • This is Windspeed Ventures’ 2nd and NMT Capital’s 4th transaction in the United States.
  • This is Windspeed Ventures’ 1st and NMT Capital’s 1st transaction in South Carolina.

Investment Summary
Date 2007-07-25
Target Zipit
Sector Communications
Investor(s) Windspeed Ventures
NMT Capital
Deal Type Venture

Target

Zipit

Greenville, South Carolina, United States
Zipit develops and licenses device software and operates network services for communications, consumer electronics, and enterprise technology companies that want to enable, connect, and manage wireless devices. Zipit was founded in 2007 and is based in Greenville, South Carolina.

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Investor(S) 2

Investor

Windspeed Ventures

Concord, Massachusetts, United States

Investor Investor Investor

Category Venture Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Windspeed Ventures is a private investment firm focused on early stage growth capital investments in newly formed high technology businesses. The Firm targets opportunities high technology, communications, security, media, and internet services. Prospective companies are generally just beginning to see revenue. Windspeed prefers businesses located in the Northeast US, but on occasion will consider investing in companies located elsewhere. Windspeed Ventures was formed in 1999 and is based in Lexington, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Venture) 3 of 3
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Bitfone

Palo Alto, California, United States

Bitfone Corporation operates as a mobile device management software company. It offers mProve, a client-side device management solution for OEMs; and the FusionDM, which is a server-side solution that enables wireless operators to manage and optimize mobile experience from delivering targeted update campaigns, streamlining the customer care process, or providing a Web-based self care solution for their subscribers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Gracenote

Emeryville, California, United States

Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

Sell $260M
Investor

NMT Capital

Norwell, Massachusetts, United States
Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

NMT Capital is a private equity firm focused on tech-oriented growth industries. Areas of interest include medical devices, diagnostics, biotechnology, specialty pharmaceutical, drug discovery tools, software, communications, information technology, and advanced materials. NMT Capital is based in Quincy, Massachusetts.

DEAL STATS #
Overall 4 of 11
Sector (Communications) 1 of 1
Type (Venture) 4 of 10
State (South Carolina) 1 of 2
Country (United States) 4 of 8
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Cequent Pharmaceuticals

Cambridge, Massachusetts, United States

Developer of therapies based on RNA interference (RNAi)

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 Presidio Pharmaceuticals

San Francisco, California, United States

Presidio Pharmaceuticals is a specialty pharmaceutical company focusing on in-licensing, developing, and commercializing novel and validated therapeutics for chronic viral infections, including HIV-1, HCV, and CMV. Presidio Pharmaceuticals was founded in 2006 and is based in San Francisco, California.

Buy -
Mergr

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