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Venyu to accelerate innovation in data protection and recovery
BOSTON & BATON ROUGE, La. Nov. 01, 2010 –(BUSINESS WIRE)–Madison Parker Capital, an investment firm based in Boston, Massachusetts, today announced its investment in Venyu Solutions Inc. (â€œVenyuâ€), one of the nationâ€™s leaders in commercial-grade, customizable solutions for data protection, availability and disaster recovery. Madison Parker Capital partnered with Gladstone Investment Corporation to sponsor the management buyout of Venyu from the shareholders of PHNS Inc. This investment will allow Venyu to accelerate its pursuit of new market opportunities and grow its product offerings.
Brent Brown, Managing Partner of Madison Parker Capital, will join the Venyu Board of Directors. â€œUnder the direction of Scott Thompson, Venyu has developed a solid and commanding leadership position in the online backup and disaster recovery services market,â€ said Brown. â€œWe are pleased to partner with Scott and the entire management team to support the companyâ€™s continued rapid growth.â€
â€œMadison Parker Capitalâ€™s interest and support validates the strength of our current market position and will accelerate our ability to satisfy emerging industry demands,â€ stated Scott Thompson, Venyu CEO. â€œWhile we will continue our unwavering protection of our clientsâ€™ data, we also have plans to advance our role as industry innovators.â€
Venyu is a premier provider of data protection, recovery, and availability services tailored to support the recovery objectives and service levels companies require to stay competitive. Venyuâ€™s progressive portfolio includes online data backup, physical and virtualized recovery solutions, managed hosting, SaaS, and co-location services. Venyu, headquartered in Baton Rouge, Louisiana with offices in Waltham, Mass. is backed by geographically-diverse datacenters, highly-qualified technicians, and iron-clad security controls. For more information on Venyu, please go to: www.venyu.com.
About Madison Parker Capital
Madison Parker Capital is a Boston-based investment firm focused exclusively on partnership-oriented investments in lower middle-market companies. Madison Parker works with existing management teams as well as experienced executives to sponsor minority and majority recapitalizations, growth, and consolidation transactions in a wide range of industries including business services, software, healthcare services, industrial/manufacturing, digital media/publishing and consumer/retail. Madison Parker targets companies with operating profits between $2 million and $10 million with investment sizes ranging from $5 million to $30 million. Madison Parker is located in Boston, Massachusetts and more information is available at www.madisonparkercapital.com.
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