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Triton Pacific Capital Partners Appoints Fred Thiel as Managing Partner and Head of Newly Formed Software and IT GroupHighly Successful Software and IT Industry Veteran Joins Triton Pacific To Lead Focused Effort Targeting Small and Medium Software and IT Companies. Los Angeles, CA — January 11, 2007 – Triton Pacific Capital Partners, a private equity firm focused on investing in established small and mid-size companies, today announced that Fred Thiel has joined the firm as Managing Partner to head of the newly created Software and IT Group (SIG). Mr. Thiel is a highly successful serial entrepreneur, former CEO, board member and investor with over 20 years experience in startup, growth and turnaround situations. He has extensive experience in raising both private and public equity and in acquiring and integrating companies. "We are excited to have Fred Thiel join the Triton Pacific team. His extensive experience in managing software and I.T. companies fits well within Triton Pacific's heritage of working as an active partner with management to create value." said Craig Faggen, Managing Partner and CEO of the firm. “His strong M&A experience will help Triton Pacific identify attractive investment opportunities and contribute to the continued growth of our portfolio companies.” Mr. Thiel was CEO of GameSpy Industries, a leader in on-line media in the PC/Video games market, where he drove dramatic growth in revenues and profits before the company was acquired by IGN Entertainment — now a division of News Corporation’s Fox Interactive Media Unit. Prior to GameSpy, Mr. Thiel was CEO of Lantronix (News - Alert), Inc. (NASDAQ: LTRX), a leader in device networking and systems management technology. While CEO, he repositioned the company, grew revenues dramatically, and led the business through a successful initial public offering followed by a successful secondary offering. In his role as head of the Software and IT Group, Mr. Thiel will be targeting software and IT companies with $5 - $50 million in revenues and $1 - $5 million in earnings. The ideal company will have significant potential for growth, a track record of recurring revenues and strong profits, and a proven business model. “Triton Pacific is a premier private equity firm with an impressive track record of acquiring and building successful companies.” commented Mr. Thiel. “I am excited about the opportunities to identify and invest in high growth companies and to work closely with the Triton Pacific team to provide active, long-term assistance to portfolio companies.” About Triton Pacific Triton Pacific Capital Partners, LLC, based in Los Angeles, invests in small to mid-size private companies in healthcare services, software and IT, business services, consumer products, light manufacturing and logistics. The firm focuses on companies with solid management, operational excellence, efficient capital structure and a sound business model. Triton Pacific provides portfolio companies with a commitment of time, focus, solutions, relationships, expertise and a flexible capital structure. Founded in 2001, Triton Pacific has invested in 12 companies throughout North America. For more information visit www.tritonpacific.com . Contact: Tom Scott Principal Triton Pacific Capital Partners, LLC Tel. (310) 300-0830 |