h3. Five Kennet portfolio companies recognized among America’s fastest growing companies.
Foster City, September 29, 2010 - Kennet Partners, a leading growth equity investor to capital-efficient companies, is delighted to announce that five of its portfolio companies have been named in the Inc. 500/5000 list of America's fastest growing private companies.
Kennet congratulates the founders, CEOs, and the teams of its portfolio companies for their sustained commitment, innovation and performance. The Inc. 500|5000 ranks companies by overall revenue growth over a three-year period.
AcademixDirect (639% growth), led by Karen Francis, offers performance-based marketing to the post-secondary education market. Its suite of marketing services benefit from its proprietary matching algorithm, data purity assurance software, lead scoring, and targeting capabilities, that improves how colleges and universities find, recruit, and retain students.
Revolution Prep (305% growth), led by Jake Neuberg and Ramit Varma is a test preparation and online education company that helps students score higher on SAT and ACT tests and improves high school graduation rates in the K12 market. The company provides SAT and ACT test preparation services though innovative distribution models.
IntelePeer (302% growth), led by Frank Fawzi, offers a communication-as-a-service platform that enables carriers, service providers, and enterprises to access interexchange voice communication services from the cloud through its low cost, hosted VOIP peering network.
Schoolwires (248% growth), led by Ed Marflak provides social communication, community-management and productivity solutions to the K-12 education market. The company’s product suite brings together robust, flexible website and community management and web 2.0/social network capabilities in a single, user-centric solution.
Recommind (219% growth), led by Bob Tennant, offers a market leading enterprise search and categorization platform that automatically organizes, manages, and distributes large volumes of information from multiple sources for the corporate, legal and eDiscovery markets. With faster access to the right information, organizations can save time, enhance the quality of work product, increase the value of information assets, and improve competitiveness and profits.
“These are all great examples of capital-efficient businesses funded largely by customer revenues. Despite the tough economic conditions over the last two years, these companies continued to grow rapidly because they successfully developed compelling value propositions for their customers” said Javier Rojas, Managing Director of Kennet Partners. “We backed these teams because we felt they had great potential, and we are proud to continue being their partners in growth. Congratulations!”
h2. About Kennet Partners
Kennet is a leading international growth equity firm that invests in companies in North America and Europe. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth, provide founder liquidity and build exceptional shareholder value. Kennet is an experienced investor with approximately $600 million in funds under management.
For more information: www.kennet.com.
Javier Rojas blogs on great books, technology deals and entrepreneurship at http://seekinggrowth.typepad.com/