Address change and executive promotion
2012 was a very pivotal and exciting year for our firm and our team. We entered the year having just completed our first platform investment, DANTOM Systems. In May, we completed our second platform investment, I DRIVE SAFELY. In August, we made a substantial follow-on investment in DANTOM Systems to complete the transformative acquisition of PSC Info Group and subsequently re-named the combined company RevSpring. Finally, on December 31, we completed our third platform investment, CoAdvantage. We are all very excited about our growing portfolio and thankful to count many leading financial partners as our Fund investors.
We are also very pleased to announce the promotion of Bobby Kelly to Managing Director effective January 1, 2013. We would like to thank Bobby as well as the many others, including the members of our operating network and advisory board, who gave us tremendous support throughout 2012.
As of January 1st, 2013, we will begin using CIP Capital as our firm name.
As we look forward to new prospects for growth in 2013 and beyond, we are excited to announce that we have moved into new space:
99 Park Avenue, Suite 1560
New York, NY 10016