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>> Visit Summit Energy | www.summitenergy.com
Summit is the market leader advising companies on every element of their energy spend (specifically the purchase of electricity and natural gas) which ranges from contract negotiations to risk management to energy efficiency. Summit's advisory provides companies strategic guidance that leads to cost-effective energy. In late 2005 Cornerstone partnered with Summit's founder, management team, and a commercial lender to re-capitalize the business and refocus the business on growth and strategic acquisitions. The Cornerstone team guided Summit's purchase of two international competitors and a domestic company in a new business line. Summit Energy received multiple unsolicited purchase offers in late 2007. As a result it was re-capitalized by a larger private equity fund and Cornerstone sold its investment. For more information, please visit www.summitenergy.com.
>> Visit Speakeasy.net | www.speakeasy.net
Founded in 1994, Speakeasy's services encompass a full range of voice and data communication solutions, from DSL to Bonded T1 and Home and Business VoIP plans. It is focused on satisfying the most tech-savvy professionals and mission-critical businesses. Speakeasy offers the convenience of working with a single supplier, with simple pricing and a single bill- as well as the ease of doing business with a single support person. In 2002, Cornerstone's venture fund, BV-Cornerstone Ventures, led a series C round of funding and took an active role on the Board of Directors. Cornerstone recruited a new CEO, effectively replaced the management team and raised an additional round of financing. As a result, Speakeasy's sales increased between 23 times and the company was subsequently bought by Best Buy in 2007. For more information, please visit www.speakeasy.net.
>> Visit Zavata | www.zavata.com
Zavata provides technology-based BPO solutions to healthcare payors and providers, the insurance and corporate sector, as well as government and public health agencies. The company delivers its end-to-end services via a blended shore model. Zavata helps companies improve profitability, increase productivity and quality, and reduce cycle times through innovating business process solutions. Cornerstone teamed with renowned entrepreneur, Satish Sanaan, who is currently the company's Executive Chairman and CEO. Together they created Zavata as the platform company in the helpdesk industry and brought in Sequoia as an additional investor. The team grew and consolidated the company through five separate acquisitions. Zavata was sold to Apollo Health Street in 2007. For more information, please visit www.zavata.com.
>> Visit Horizon Organic | www.horizonorganic.com
Horizon Organic is America's leading organic dairy brand. Since it was founded in 1991, the company has been a pioneer in the organic movement. Today, as the organic industry evolves, Horizon Organic continues to lead with insight, integrity and unwavering commitment to organic principles. In 1992, shortly after its inception, Horizon Organic received its first and only round of growth capital from Cornerstone Holdings and Mr. McCloskey became Chairman of the company. As Chairman of the Board he guided the company through a period of extremely rapid growth with the company's revenues growing from $400 thousand to $300 million. During the 10 years Cornerstone held it investment, Mr. McCloskey was instrumental in recruiting new management executives capable of handling this very rapid expansion. The company was sold to Dean Foods in 2003. For more information, please visit www.horizonorganic.com.
>> Kona Blue | www.kona-blue.com
Kona Blue, founded in 2001 by Dr. Dale Sarver and Neil Anthony Sims, is the first integrated hatchery and offshore fish farm in the country. The company is committed not only to excellence in fish culturing and to producing a high-quality product, but also to environmental stewardship. After three years of research and development, Kona Blue received an investment infusion from Cornerstone in 2004. Kona Blue's premiere achievement is Kona Kampachi, a premium sushi-grade Hawaiian yellowtail species. Kona Kampachi is proudly served at sushi bars and white-tablecloth restaurants in the Hawaiian islands and on the U.S. Mainland, and is also available at select fresh fish markets. For more information, please visit www.kona-blue.com. Cornerstone Impact: Tom McCloskey, Neville Vere Nicoll- Chairman/Director, Members of the Executive Committee
Silver Creek Systems is the leading provider of Product Data Mastering tools and technology. While traditional tools founder on the complexity and variability of product data, Silver Creek Systems uses breakthrough semantic technology to allow companies to ‘master’ their product data quickly and more efficiently than ever before — reducing costs and driving efficiencies across the business. Silver Creek Systems was sold to Oracle in January 2010. |
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