TechOperators
{{Short description|American venture capital firm}}
{{Orphan|date=August 2017}}
{{Infobox company
| name = TechOperators
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| type = Early Stage Technology Venture Capital Firm
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| foundation = 2008
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| location_city = Atlanta
| location_country = US
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| key_people = Dave Gould, Partner
Glenn McGonnigle, Partner
Said Mohammadioun, Partner
Thomas E. Noonan, Partner
Tom McNeight, Partner
Bill Jones, VP
Daniel Ingevaldson, VP
Patrick Taylor, VP
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| homepage = http://www.techoperators.com
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TechOperators is an early stage venture capital firm focused on cybersecurity and B2B software. It is based in Atlanta, Georgia, U.S., and was founded in 2008.
Company overview
TechOperators was established in 2008[http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M] to focus on funding "early-stage firms too small and risky to attract traditional VC dollars and too big for angel investors" and is now investing out of its third fund. Led by veteran technology entrepreneurs and executives David Gould, Glenn McGonnigle, Said Mohammadioun, and Tom Noonan, the firm provides early stage capital financing from under $1m to $5 million. TechOperators takes an active role in their investments providing not only investment capital, but also applying their operational knowledge.{{citation needed|date=December 2021}}
Team
- Dave Gould — Former chairman and CEO of Atlanta-based software maker Witness Systems Inc., which was acquired by Verint Systems Inc. in 2007.
- Glenn McGonnigle — Former chairman and CEO of Atlanta-based VistaScape Security Systems Corp., which was acquired by Siemens Building Technologies Inc. in 2006.
- Said Mohammadioun — Founded Atlanta software firm Samna Corp., which Lotus Development Corp. bought in 1990 for $65 million. Former CEO and chairman of Synchrologic Inc., which was sold to Intellisync Corp. in 2003 for about $85 million. Nokia Corp. bought Intellisync in 2006.
- Tom Noonan — Co-founded Internet Security Systems Inc., which IBM Corp. acquired for $1.5 billion in 2006.
- Bill Jones — Former CEO of Orderly and former product management executive at Air2Web and Synchrologic, Inc.
- Daniel Ingevaldson — Co-Founder of Endgame, Inc., acquired by Elastic NV in 2019.{{Cite web|url=https://www.businesswire.com/news/home/20191008005937/en/Elastic-Completes-the-Acquisition-of-Endgame-a-Leader-in-Endpoint-Protection|title=Elastic Completes the Acquisition of Endgame, a Leader in Endpoint Protection | Business Wire}} Previous CTO of Easy Solutions, Inc., acquired by Cyxtera in 2019.
Funds and Investments
TechOperators raised $100m for its third and current fund.{{Cite news|date=2018-02-20|title=TechOperators Targets $100 Million for Third Fund|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/techoperators-targets-100-million-for-third-fund-1519169183|access-date=2021-05-26|issn=0099-9660}} Notable investments include Automox, Polarity, Tala Security, Todyl, Scytale (acquired by HPE{{Cite web|date=2020-02-03|title=HPE acquires identity management startup Scytale|url=https://venturebeat.com/2020/02/03/hpe-acquires-identity-management-startup-scytale/|access-date=2021-05-26|website=VentureBeat|language=en-US}}) and Kyck Global.
TechOperators Fund II includes investments in Springbot, Phantom Cyber (acquired by Splunk{{Cite web|date=2018-04-09|title=Splunk Closes Acquisition of Phantom|url=https://www.businesswire.com/news/home/20180409005284/en/Splunk-Closes-Acquisition-of-Phantom|access-date=2021-05-26|website=www.businesswire.com|language=en}}), Flashpoint and Ionic Security (acquired by Twilio{{Cite web|title=Twilio Acquires Ionic Security|url=https://www.twilio.com/blog/twilio-acquires-ionic-security|access-date=2021-05-26|website=Twilio Blog|language=en}}).
TechOperators raised $30 million for its inaugural fund in 2008. In their first fund, TechOperators invested in Vocalocity, a VoIP company providing hosted pbx for small businesses,{{Cite web|url=http://www.marketwire.com/press-release/Vocalocity-Inc-942839.html|title=TechOperators Lead Series B Round for SaaS Leader for Small Businesses}} Immunet (acquired by Sourcefire{{Cite web|last=Mills|first=Elinor|title=Sourcefire buys Immunet for $21 million|url=https://www.cnet.com/news/sourcefire-buys-immunet-for-21-million/|access-date=2021-05-26|website=CNET|language=en}}) and JouleX (acquired by Cisco).
References
{{Reflist}}
External links
- [http://www.techoperators.com/ TechOperators]
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