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| Mike Pehl has deep growth equity experience as both an investor and an operator. He has served on the boards of 14 private and public technology companies. Mr. Pehl gained broad operating experience as the former CEO of i-Cube, COO of Razorfish, the founder and CEO of ICS (an SAP implementation business), and as co-founder of SAP America. "In addition to a growing, high margin revenue stream, Allegro possesses many of the characteristics we look for in an investment opportunity, including a strong management team, a capital efficient business model, and a strong competitive position," commented Mike Pehl. "Allegro’s demonstrated ability to serve a very sophisticated market, to sustain growth over two decades, and to attract the best talent in the industry will continue to create significant value. It is our belief that these qualities will support Allegro’s ongoing growth trajectory. North Bridge looks forward to helping leverage Allegro’s strengths, while scaling it to be the dominant provider of ETRM software solutions to global markets.” During his 15 year tenure at Tudor, Mr. Ganong has led Tudor's investments in Avici Systems (NASDAQ: AVCI), Digital Island (NASDAQ: ISLD), Transmeta (NASDAQ:TMTA), N2 Broadband (TAA.OL), Switch and Data (NASDAQ: SDXC), Advanced Fibre Communication (NASDAQ: AFCI), and Crossbeam Systems. He commented, "For almost a quarter century, Tudor has been an active trader of equities, derivatives and commodities on a global basis. During this period Tudor traders and back office professionals have had the opportunity to assess a myriad of trading and risk management platforms. It is clear to Tudor that Allegro encapsulates both the technology and trading acumen to become the dominant supplier of ETRM software solutions to the producers, users and traders of energy and commodities. As an active investor in private, financial technology companies such as GAIN Capital and Pipeline Trading Systems, Tudor looks forward to helping the team at Allegro become a leader in the ETRM arena." Eldon Klaassen, CEO and founder of Allegro added, "Allegro continues to grow its margins and market share at a substantial pace. The investment by North Bridge and Tudor represents a significant milestone in Allegro’s 23 year history, and bears proof of the company’s market leadership, solid reputation, and ability to successfully execute our vision. With this investment, Allegro is better positioned to accelerate our current growth, increase market share and enter new markets, while leveraging our trusted advisors and their proven track record.” About North Bridge Growth Equity North Bridge Growth Equity (“NBGE”) is a leading growth equity firm which invests in technology and technology-enabled companies characterized by strong revenue and profitability momentum, large and dynamic addressable markets, and proven management teams. NBGE targets investments in companies with $20 million to $200 million of revenue, and is currently investing from the $545 million North Bridge Growth Equity Fund I. NBGE is affiliated with North Bridge Venture Partners (“NBVP”), a bi-costal leader in early stage venture capital investing, and together, NBGE and NBVP have $2.7 billion of committed capital under management. For more information, visit: www.NBGE.com. About Tudor Ventures Tudor Ventures, established in 1996, is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized, diversified investment management firm with total assets under management in excess of $20 billion. Tudor Ventures manages approximately $700 million in equity commitments and has invested over $600 million in 70 companies. Tudor Ventures invests in information technology and rapidly growing companies, providing capital for expansion, acquisition and founder liquidity. For more information about Tudor Ventures, visit: www.tudorventures.com.  Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise. Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com. |
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| © 2010 Revolution Partners, LLC, a division of Morgan Keegan & Co. Investment services are provided through Morgan Keegan & Company, Inc., member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by any bank, or any government agency, and may lose value. |