Movers and Shakers: MMA elects board members; WCA honors Shakouri

The Mobile Marketing Association announced its 2011 North American board of directors. The newly board members include, John Styers, vice president of corporate strategy and industry relations at 3C Interactive; Louis Gump, vice president of mobile at CNN; Kristy Young, director of product management at ESPN; Joy Liuzzo, senior director of mobile research at InsightExpress; Paul Palmieri, president and CEO of Millenial Media; Diane Strahan, vice president of mobile and registry services at Neustar; Cameron Clayton, senior vice president of mobile at The Weather Channel Interactive; Tom Daly, director of mobile global interactive marketing at The Coca-Cola Company; Jack Philbin, co-founder and president of Vibes Media; and David Katz, vice president of North American mobile at Yahoo!

The Wireless Communications Association honored Dr. Mo Shakouri, corporate vice president of innovation and marketing at Alvarion Ltd., for his contributions to the 4G industry.  At Alvarion, Shakouri has been involved with advancing WiMAX technology into the mainstream space.  WCAI also recognized Julius Knapp, chief of the FCC's Office of Engineering and Technology, with its Government Leadership Award for his efforts in helping to bring broadband services to underserved and rural areas.  

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G5 Ranked No.51 on Deloitte's 2010 Technology Fast 500


G5, the largest and fastest growing provider of vertical-specific Local Marketing Solutions for mid-market companies, was ranked No.51 on Deloitte's 2010 Technology Fast 500 list of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. 

G5 posted revenue growth of 2,566% over a five-year period (2005-2009).  Co-founded by CEO Dan Hobin and CFO Greg Meier, the five-year old company has grown from 2 employees to 85 and could double its workforce by the end of 2011. 

G5 was also named one of the fastest-growing privately held U.S. companies by Inc. magazine in 2009 and 2010, and one of the nation's 2010 Best Places to Work by Outside magazine. 

Award Methodology

Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009, and the list includes both public and private companies.  

Overall, Technology Fast 500 award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. 

Internet winners represented 9 percent of the overall list, making it the fourth most prevalent sector in this year's rankings. The top three sectors on the 2010 list were software (38 percent), Biotech/Pharma (18 percent) and Communicatios/Networking (11 percent)


"We're honored to make the 2010 Technology Fast 500 list," said G5 CEO and co-founder, Dan Hobin. "Our growth rate is directly attributable to the measurable results we deliver to better our clients' business performance.  Our success is predicted by theirs."

"G5 and the other 2010 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends G5 for this impressive accomplishment."

"G5 has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP. 

About G5

G5 is the largest and fastest growing provider of vertical-specific Local Marketing Solutions that help mid-market companies get found online, generate more qualified leads, convert more leads into new customers, track marketing performance - including offline, and optimize to the marketing sources with the best return on investment. Backed by investor Volition Capital, G5 was founded in 2005 and is based in Bend, Oregon.  For more information, please visit

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G5 Closes $15 Million Investment from Volition Capital

BEND, OR and BOSTON, MA    G5, the leader in vertical-specific Local Marketing Solutions, announced today that it has closed its first institutional round of financing.  The $15 million investment was led by Volition Capital, a growth equity firm that invests in high-potential, founder-owned technology companies.  The proceeds will be used to accelerate development of G5's Local Marketing Software Platform and to enhance G5's leadership in its core verticals.  Roger Hurwitz, Managing Partner at Volition, and Sean Cantwell, Principal at Volition, will join G5's Board of Directors. 

"Volition's partnership is a great vote of confidence in G5's mission to deliver the most sophisticated local marketing technology platform in our select verticals," said G5 CEO Dan Hobin.  "The Volition team has significant experience working with high-growth SaaS businesses like ours, and we're thrilled to have Roger and Sean joining the G5 team."

The G5 Platform currently serves more than 160 clients and over 2,400 properties within the Multifamily Housing, Self Storage and Senior Living sectors.  G5 helps companies like Trammel Crow Residential, Riverstone Residential, Greystar, The Carlyle Group, Silverado Senior Living and Metro Self Storage leverage the Web to increase revenue, reduce ineffective marketing spend and increase net operating income. 

The funding follows yet another record-breaking quarter for G5.  In Q2 2010, the company posted its 20th consecutive quarter of record revenue.  G5 attributes its success to capitalizing on the paradigm shift in local advertising, where businesses are increasingly transitioning their marketing dollars online.  According to Borrell Associates, Local Online Advertising is projected to grow from $8.9 billion to $16.4 billion by 2013. 

"G5 is constantly evaluating new technologies and services that will drive better business results for our clients," said G5 CFO Greg Meier.  "Volition is an ideal partner to provide us with the guidance and resources required for our next stage of growth."

"G5 provides a compelling value proposition and measurable ROI with its holistic solution that combines software, marketing and vertical expertise," said Roger Hurwitz.  "We are excited to partner with such a strong entrepreneurial team that is well-positioned for long-term success given its unique offering and focus on delivering great results to its customers."

About G5

G5 is the leading provider of Local Marketing Solutions that help mid-market companies get found online, generate more qualified leads, convert more leads into new customers, analyze marketing performance - including offline, and optimize to the marketing sources with the best return on investment.  G5's Local Marketing Software Applications & Services provide clients with more customers and better business performance.  The Bend, OR-based comapny was recently named the 146th Fastest Growing U.S. Private Company by Inc. magazine.  For more information, please

About Volition Capital

Volition Capital is a growth equity firm established in 2010 that focuses on investing in high-growth, founder-owned technology businesses across the U.S. and Canada.  Volition Capital looks to invest in companies with revenue between $5 million and $50 million and have demonstrated capital efficiency.  Volition Capital specializes in software, Internet, information services and technology-enabled services companies that have operating discipline and aspirations for greatness.  For more information, please visit

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VC's Seek Crowdsourcing Opportunities in Business

Area venture capitalists are betting that crowdsourcing - the idea behind Wikipedia and open-source software - can penetrate some of the most staid industries: patent research and business-to-business credit checks. 

Cortera Inc. of Quincy has raised more than $20 million from Volition Capital, whose managers believe the company can beat Dun & Bradstreet Corp. by sourcing credit-check data from myraid small to midsize businesses. 

(click here for the rest of the article) Mass High Tech

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Vibes Media Buys Zeep Mobile

Mobile Marketing Leader to Integrate Messaging Platform Into Core Technology

Vibes Media announced today that it has acquired self-service mobile advertising company, Zeep Mobile.  Under the terms of the agreement, Zeep's mobile messaging technology will be integrated into the Vibes platform and all Zeep employees will become part of Vibes Media.  Zeep's network of over 10,000 developers will also be integrated into Vibes.  Additionally, Zeep President and CEO Scott Robertson will relocate to Vibes' headquarters in Chicago, as will the engineering team currently located in Vancouver, Canada, joining Head of Engineering Rishi Bhatia and the team he just brought to Vibes with him from AOL Third Screen Media. 

Founded in 2008 by a team of top engineers and headed by Robertson, Zeep Mobile developed innovative technology that helped monetize SMS traffic for publishers and deliver exceptional ROI for marketers and advertisers.  This approach made ads extremely relevant to the end user through a combination of bidding and proprietary algorithms.  Vibes will immediately begin work to integrate Zeep's technology into Vibes' existing mobile marketing software.  New offerings for Vibes publisher and marketer clients will be unveiled over the coming weeks. 

"Our experience with mobile marketing has taught us that in the world of mobile, relevance is paramount," said Jack Philbin, founder and president of Vibes Media. "Scott and his team at Zeep have built a powerful SMS platform, we create the most powerful and relevant advertising platform for SMS."

"Vibes has the scale and the experience to make our technology really valuable in mobile marketing.  Vibes has worked really hard to become one of only 10 companies with tier 1 connectivity to the carriers, they manage more short codes than anyone, and have a roster of clients that's absolutely unparalleled in the mobile marketing space," said Robertson.  "It's the ideal home for propelling our unique platform to new possibilities as we work to realize Vibes' aggressive growth trajectory."

"From our clients' perspectives, this deal opens up a broad range of new opportunities.  Publishers will be able to monetize their content in ways that actually help their fans, listeners and viewers.  Marketers will be able to take advantage of the tremendous power of SMS advertising, which makes up more than half of the mobile advertising market today.  Here at Vibes, we're assembling the right elements to enhance our approach to providing truly comprehensive mobile marketing campaigns and solutions to major brands, agencies and publishers across the country," added Alex Campbell, Vibes' co-founder and CEO.

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Stylesight Raises $10 Million in Funding from Volition Capital and Cue Ball Capital

B2B Trend Content and Software as a Service (SaaS) Provider Finalizes Additional Equity Funding and Names Richard J. Harrington to Board of Directors

Stylesight, the leading global provider of trend content, tools and technology for the fashion and style industries, announced today that it has closed a $10 milllion equity investment to fuel its ongoing growth and global expansion.  The investment was provided by Volition Capital, a growth equity firms formed by the US team of Fidelity Ventures, and Cue Ball Capital.  In conjunction with the financing, Richard J. Harrington, Chairman and General Partner of Cue Ball Capital, and retired CEO of the Thomson Corporation (now Thomson Reuters), will join Stylesight's Board of Directors. 

"Volition Capital and Cue Ball Capital's investments in Stylesight underscores their confidence in our growth, and validates our ongoing momentum," says Frank Bober, Founder and CEO of Stylesight. "Volition has been a great partner since their initial investment in 2008 and we're excited with the addition of Cue Ball Capital and their unique approach to working with their investment partners."

With this additional funding, the Company is well poised to accelerate its rapid growth.  Stylesight's strong heritage of product innovation, unparalleled customer service and best in class content will benefit significantly from this additional funding.  Recently named FOLIO Magazine's 2009 Eddie Award Winner for "Best Retail Website," is the premier provider of trend content and Software as a Service (SaaS) designer tools, adn the only service available in Chinese, Japanese, Spanish and English translation.  Stylesight offers its global subscribers the unrivaled ability to intercept, interpret and transmit the impulses of the style industry through its timely, relative trend content and state-of-the-art technology. 

"Stylesight has proven itself to be the premier information service for the global fashion industry,"says Larry Cheng, Managing Partner, Volition Capital. "Their product portfolio is unmatched; the must-have trend service for retailers, manufactureres, designers, and factories worldwide.  We are pleased to assist Stylesight in their ongoing rapid growth in the fashion and style industry."

Stylesight's newest board member, Richard J. Harrington, is a renowned industry leader in the information media world.  Prior to co-founding Cue Ball, Harrington served as CEO of The Thomson Corporation, and led its transformation into the world's largest information services firm.  Under his tenure, the business saw its market capitalization nearly quadruple.  Harrington brings this deep experience to the Stylesight board, and joins current board members, Larry Cheng of Volition Capital and David Bell of Pegasus Capital Advisors.  In addition to Stylesight and other privately held companies, Harrington serves as the Board of Directors for Xerox Corporation (NYSE:XRX) and Aetna (NYSE: AET). 

"We are extremely excited to be partnering with Stylesight and Volition Capital.  Stylesight has that rare combination of inspiring innovation and sound business model fundamentals," notes Harrington. "Stylesight fits squarely with Cue Ball's focus on recurring revenue business models and differentiated intellectual capital.  I am proud to be joining its Board and supporting its continued growth."

About Stylesight

Stylesight is the leading provider of trend forecasting and product development tools for creative professionals in the fashion and style industries.  Founded in 2003 by apparel manufacturing veteran, Frank Bober, Stylesight's subscribers include leading retailers, designer and manufactureres worldwide.  Stylesight is headquartered in New York with satellite offices stationed in fashion capitals around the world.   

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Fee-Free Money Transfer Service to Chile from the U.S. and Most Other Countries

To help the victims of Chile's earthquake,, a leading online money transfer company, announced a "Fee-Free Transfer" pricing initiative when sending money to Chile from the United States and most other countries.

Money transfers can be sent with no fee through March 8, 2010 by going to the website ( and entering the coupon code AYUDACHILE.

"We understand the importance of sending money to family and friends and especially now, in Chile, where the funds are vital in offering emergency support to loved ones," said Eugenio Nigro, vice president of business development, Latin America, for  "The thoughts of all of employees go out to those affected by this disaster." pays out in US dollars in Chile at AFEX locations through their relationship with Latin Express.

About allows individuals to send money from any internet-enabled computer to family, friends and businesses. was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Volition Capital.  For more information on money transfer service to Chile, visit

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Volition Capital, Founder Collective Focus on Stage- Specific Funding (Mass High Tech)

As the dollar size of the venture-capital industry shrinks, VC investors appear to be narrowing their focus.

Massachusetts' venture economy saw two new firms launch in the past six months, both promising to focus exclusively on a specificy stage in a startup's life.  Firms have often staked out industry territory - investing only in life sciences or information technology, for example - but Volition Capital, which spun off from Fidelity Investments this month, is only interested in technology companies already bringing in $5 million to $50 million in revenue.  Founder Collective, which closed its first fund in November, looks only at seed-stage technology opportunities. 

(click here for the full article)  Mass High Tech, By Galen Moore

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Larry Cheng on the Birth of Volition Capital (Xconomy)

While many pundits predicted that the financial crisis of 2007-2008 would lead to a big shakeout on the venture-capital stage, there's been remarkably little change in the cast of characters so far, at least in Boston.  But Monday saw the demise of one established Boston venture fund and the birth of another, as the entire crew of Fidelity Ventures, save two partners, announced that they have departed the Fidelity fold and formed an independent firm called Voltion capital...

(click here for the rest of the article) Xconomy, By Wade Roush

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Fidelity Ventures; US Team Sets Out to Form Volition Capital (Wall Street Journal)

Looking to create an independent firm and to raise outside capital, most of the Boston-based investment team of Fidelity Investments'  venture unit, Fidelity Ventures, has decided to form growth-equity firm Volition Capital...  (click here for the rest of the article) Wall Street Journal, By Russell Garland of Dow Jones Venture Wire

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The U.S. Team of Fidelity Ventures Forms Volition Capital

Boston, MA - Volition Capital today announced its establishment as an independent growth equity firm that principally invests in high-potential, founder-owned technology companies. The founding team of Volition Capital previously led the U.S. operations of Fidelity Ventures, a venture capital firm affiliated with Fidelity Investments.

Managing Partners in the new firm are Larry Cheng, Andy Flaster, Roger Hurwitz and Rob Ketterson. Other senior members of the founding team include Geraldine Alias, Sean Cantwell, Don Haile, Anne Mitchell and Jill Roosevelt.

Under a sub-advisory agreement, Volition Capital will continue to manage the portfolio of  venture capital assets developed by the principals of Volition Capital while at Fidelity Ventures. Specifically, Volition Capital will continue to manage the existing portfolio of 20 U.S. companies and jointly manage six European portfolio companies with Fidelity Growth Partners Europe,  the European venture investment arm of Fidelity International. Fidelity will not have an ownership position in Volition Capital and this spin out will not affect the venture investing of Fidelity Biosciences.

Volition Capital's focus will be on high growth, founder-owned technology companies.  These companies will generally have between $5 million and $50 million in revenue with little or no institutional investment. Volition Capital will invest in different technology sectors including Internet, software, information services and tech-enabled services.

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