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venVelo LLC

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Two venVelo Portfolio Companies Acquired


venVelo announced today that two of its portfolio companies, Zentila and Knetik, have been acquired.

Winter Park, FL, June 02, 2016 --(PR.com)-- venVelo, one of the most active early-stage venture funds in central Florida, announced today that two of its portfolio companies, Zentila and Knetik, have been acquired.

On June 1, 2016, etouches, a global end-to-end event management software solution, announced it had acquired venVelo portfolio company Zentila. etouches’ press release can be found here: http://goo.gl/4YvdnE

In May 2016, Cima Group, a telecommunications and digital conglomerate, announced it had finalized the acquisition of venVelo portfolio company Knetik. Cima’s press release can be found here: http://goo.gl/5U2w0s

“We congratulate CEOs Mike Mason and Shane Robinett on the tremendous accomplishment of building Florida companies that have now been sold to important global players,” said Allen H. Kupetz, COO and co-founder of venVelo.

These two exits come in venVelo’s fourth year of operations, demonstrating the fund’s ability to identify and help grow early-stage companies.

About venVelo
venVelo, the premier early-stage no-fee venture fund in Florida for innovative companies seeking capital and mentoring, was launched in 2012 and quickly established itself as one of the most active venture funds in central Florida. venVelo’s portfolio companies include / have included Fattmerchant, flexReceipts, Genicon, Kairos, Knetik, mCast Networks, Spectrum Bridge, Switchboard Live (formerly Joicaster), Thrive Ice Cream, Vigilant Biosciences, and Zentila. Learn more about venVelo at http://www.venvelo.com/.

About etouches
etouches is a global end-to-end event management software solution. The success oriented and cloud-based platform delivers innovative technology solutions to streamline the event process and increase ROI. Founded in 2008, etouches has assisted over 20,000 event professionals in planning, executing and measuring their events. With a focus on event sourcing, registration, marketing, logistics, engagement and data, the software solution has been able to serve more than 1,200 customers in corporations, associations, agencies and educational institutions. Headquartered in the United States in Norwalk, CT, the company has five additional global offices in the United Kingdom, Belgium, Australia, Dubai, and Singapore. Learn more about etouches at http://www.etouches.com.

About Cima
Cima Group is committed to delivering simple solutions through reliable technology and innovative services. A global telecommunications and digital solutions provider and integrator since 1981, Cima Group has provided retail long distance services, wholesale international and domestic long distance services, fiber network solutions through its ownership in the Maya Cable, and value-added platform service applications that manage Retail, Wholesale, and Top Up telecommunications services and products. Learn more about Cima at http://cimatelecom.com/.
Contact Information
venVelo LLC
Allen H. Kupetz
407-646-1544
Contact
www.venVelo.com

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