Millennium's Portfolio Companies Show Sterling Results

By Marc Castro

Jun 24, 2013 04:15 PM EDT

Millennium Technology Value Partners related that it had conducted four portfolio company exits in the first six months of 2013. These are the sale of Epocrates to athenahealth, the TSYS acquisition of NetSpend, Datapipe's recapitalization and the Yahoo's acquisition of Tumblr.

According to Millennium Managing Partner Sam Schwerin, "The acquisitions of four of our portfolio companies in the first half of this year speaks to growing strategic and private equity interest in best of breed technology companies. This also illustrates the success of Millennium's approach of partnering with best-of-breed companies and, as a Trusted Liquidity Partner, continuing to support these great companies with additional capital as they grow." 

Aside from these exits. Millennium also had investments in companies that went on IPO in 2013. Overall, nearly one third of the portfolio companies of the firm either have been acquired by third parties or have undertaken the IPO process. In the past three years, seventeen Millennium's portfolio companies have become publicly listed.

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