25 Million Dollar Technology Acquisition Fund
Adrian J Cotterill, Editor-in-Chief
We have sat in on a couple of ‘investment’ meetings with these folks already. Yesterday saw STRATACACHE announce a USD 25 million acquisition fund targeting technology and media companies in the digital signage / digital out-of-home (OOH) marketplace.
This is a great initiative from Chris Riegel, their CEO who told us “Although the out-of-home advertising segment is one of the fastest growing segments in the industry, tightening advertising budgets worldwide are putting increased pressure on many early stage companies in the marketplace”
STRATACACHE is keen to grow its offering and bolster its emphasis on technology by adding complimentary solutions and acquiring appropriately aligned enterprises – as always investors look for strong management and healthy balance sheets and STRATACACHE is no different here.
Contact STRATACACHE at www.stratacache.com/acquisition.php if you are interested in exploring acquisition by STRATACACHE or strategic investment.
October 5th, 2010 at 15:48 @700
[…] exactly two years ago, STRATACACHE announced that it had a $25 million fund at its disposal for the purpose of acquiring technology and media companies in the DOOH space. The […]