TECTURA Obtains Private Equity Funding from Pequot Capital
28 October 2003 - 6:45AM
PR Newswire (US)
TECTURA Obtains Private Equity Funding from Pequot Capital
Investment to Power Next Stages of its Growth Strategy TEMPE,
Ariz., Oct. 27 /PRNewswire/ -- TECTURA, a leading service provider
specializing in the deployment of Microsoft integrated business
solutions, announced today that it has secured $12 million in
private equity financing from Pequot Ventures, the direct
investment arm of Pequot Capital. The investment capital will
primarily be used to fund acquisitions as TECTURA continues to
build out its nationwide presence. "Pequot Ventures' significant
investment speaks not only to TECTURA's position as the leading
national Microsoft Business Solutions and Microsoft Classic
services company, but also to the tremendous opportunity to
accelerate growth through an active acquisition program," said
Terry Petrzelka, CEO of TECTURA. "We believe that with the support
from our investment partner, Pequot Ventures, TECTURA's proven
management team, the talent and passion among our employees and
Microsoft's commitment and continued investment in technologies
serving the mid-market, TECTURA will be able to accelerate its
national expansion as a dedicated Microsoft Channel Partner that
delivers true business value to companies across the United
States." "Pequot Ventures is very excited about the opportunity to
help fund the enhancement and build out of TECTURA's national
organization," said Gerald Poch, Managing General Partner of Pequot
Ventures. "Since its founding in 2001 and even during challenging
economic times, TECTURA's management team has grown revenues by
over 560% with 2003 revenues expected to be approximately $33M,
while also leading the industry in providing complex systems
solutions at the highest level of customer satisfaction and
customer loyalty. We believe that TECTURA's national footprint,
customer base and leadership team offers a tremendous platform to
build the preeminent Microsoft mid-market IT services company by
continuing to expand through healthy above market organic growth,
as well as through a dedicated acquisition program. As we work
together, we know that TECTURA will continue to accelerate its
rapid growth, cementing its position as the 'go to' national
Microsoft Business Solutions and Classic Channel Partner serving
the mid-market in the years ahead." About TECTURA Corporation
TECTURA, a Microsoft Business Solutions US Partner of the Year,
provides true business value and competitive advantage to its
clients by delivering integrated technology services and solutions.
A Managed, Gold Certified Microsoft Classic and Microsoft Business
Solutions Partner, TECTURA is positioned as a premier provider of
supply chain management, manufacturing, distribution, customer
relationship management, field service, financial management and
enterprise project management solutions. Staffed with approximately
200 team members located in 14 offices across the United States,
TECTURA is differentiated by its ability to locally discover,
design & deliver business solutions while leveraging its
national-reaching resources. TECTURA has been acknowledged as a
Microsoft Business Solutions Inner Circle, President's Club,
Million Dollar Club and Eagle award recipient along with being
honored with the Manufacturing Excellence & Customer Excellence
awards, continuing to exemplify its award-winning reputation for
demonstrating commitment to customer excellence. More information
about TECTURA can be found at http://www.tectura.com/. About Pequot
Ventures Pequot Ventures is the direct venture investment arm of
Pequot Capital Management, Inc., focusing on the most dynamic
startup, growth stage and later-stage companies in the technology,
telecommunications, healthcare, and defense sectors. Pequot
Ventures creates value by bringing energy and substantial industry
expertise to its portfolio companies through the collective
intellectual capital, deep operating experience and extensive
network of its investment team. The firm leverages its unique
multi-billion dollar presence across both public and private equity
markets to help build competitive, sustainable businesses in fast
changing environments throughout their lifecycle. Pequot Ventures
accomplishes this goal in close partnership with the founders and
management teams of its portfolio companies. For more information,
please visit http://www.pequotventures.com/. Media Contact: Chandra
Petrzelka National Marketing Director TECTURA Corporation
408.309.1780 All products mentioned in this release are registered
trademarks or trademarks of their respective holders. This release
may contain descriptions of the Company's expectations regarding
future business trends. These forward- looking statements are made
in reliance upon safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Accordingly, actual results may
differ materially from those contemplated by the forward-looking
statements. DATASOURCE: TECTURA Corporation CONTACT: Chandra
Petrzelka, National Marketing Director of TECTURA Corporation,
+1-408-309-1780, Web site: http://www.pequotventures.com/ Web site:
http://www.tectura.com/
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