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| [December 19, 2012] |
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Frontier Capital Exits Azaleos Corporation
CHARLOTTE, N.C. --(Business Wire)--
Frontier Capital is pleased to announce the successful exit of its
investment in Azaleos Corporation, a leading provider of managed email,
collaboration and unified communications services available in private
cloud, on-premise or mixed deployment architectures.
Headquartered in Seattle, WA, Azaleos provides remotely managed services
for Microsoft (News - Alert) Exchange, SharePoint and Lync, using advanced software to
remotely monitor and manage email, collaboration, and unified
communications systems. The company was acquired by Avanade, a global
business technology solutions and managed services provider, and
subsidiary of Microsoft Corporation (NasdaqGS:MSFT). Approximately 200
Azaleos employees joined Avanade as part of the acquisition. The
transaction, initially announced on November 13, 2012, closed on
December 18, 2012. Terms of the transaction were not disclosed.
Frontier first invested in Charlotte-based M3 Technology Group, Inc. in
September 2007 which later merged with Azaleos in March 2009 to create
the market leader for remotely managed Microsoft Exchange services.
Azaleos was recently positioned by Gartner Inc. as a Challenger in the
Magic Quadrant for Unified Communications as a Service, and has been
repeatedly ranked in Deloitte's (News - Alert) Technology Fast 500™, which recognizes
the 500 fastest growing technology, media, telecommunications, life
sciences and clean technology companies in North America. The company's
growth reflects an increasing preference among organizations to delegate
management and maintenance responsibility for their infrastructure
including messaging, collaboration and unified communications systems to
third party experts.
Phil Van Etten, CEO of Azaelos said, "We have truly enjoyed our
partnership with Frontier and want to thank them for their support and
confidence in us."
"It has been a pleasure to work with Phil and the company's exceptional
management team," added Joel Lanik, Partner of Frontier Capital. The
growth at Azaleos has been remarkable and we're proud to be a part of
it."
The success of the Azaleos transaction highlights Frontier's expertise
in the managed services industry, which accounts for approximately
one-third of the firm's portfolio and includes successful investments in Peak
10 and SecureWorks.
About Frontier
Frontier Capital is a Charlotte-based growth equity firm focused
exclusively on technology enabled business services. Founded in 1999,
Frontier partners with management teams that can benefit from capital to
accelerate growth, fund acquisitions or generate shareholder liquidity.
We make minority and majority equity investments in high growth
companies and have built an excellent track record of delivering returns
to both our investors and management partners. For more information,
please visit www.frontiercapital.com.
About Azaleos
Azaleos Corporation provides managed email, collaboration and unified
communications services available in private cloud, on-premise or mixed
deployment architectures. Azaleos' 24x7 managed services for Microsoft
Exchange, SharePoint, Lync, and AirWatch (News - Alert) MDM improve availability,
security and performance, while reducing maintenance time and costs. The
patented AzaleosX technology platform enables customers to maintain
control over servers and data including their location, while uptime,
maintenance, and support is proactively handled by certified experts in
Azaleos network operations centers. Hundreds of companies from Fortune
500 to mid-market enterprises rely on Azaleos to manage their
collaboration infrastructures and address issues before users ever know
they exist. A member of the National Systems Integrator program (NSI (News - Alert)),
Azaleos is one of Microsoft's top 34 partners in the U.S. Azaleos
investors include Ignition, Frontier Capital and Second Avenue Partners.
For more information, visit www.azaleos.com.
About Avanade
Avanade provides business technology solutions and managed services that
connect insight, innovation and expertise in Microsoft® technologies to
help customers realize results. Our people have helped thousands of
organizations in all industries improve business agility, employee
productivity, and customer loyalty. Avanade combines the collective
business, technical and industry expertise of its worldwide network of
experts with the rigor of an industrialized delivery model to provide
high quality solutions using proven and emerging technologies with
flexible deployment models-on premises, cloud-based or outsourced.
Avanade, which is majority owned by Accenture (News - Alert), was founded in 2000 by
Accenture LLP and Microsoft Corporation and has 17,000 professionals in
more than 20 countries. Additional information can be found at www.avanade.com.
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