| To: Glenn Petersen who wrote (5644) | 9/7/2011 11:45:12 AM | | From: stockman_scott | | | | G2 Web Services, LLC Secures Strategic Investment from Primus Capital
Bellevue, WA, September 6th, 2011 – G2 Web Services, LLC, the leading provider of merchant compliance monitoring and e-commerce risk management services, today announced a strategic investment from Primus Capital. The investment will significantly expand G2’s global presence and accelerate the launch of revolutionary new services to manage merchant risk.
G2 Web Services provides acquiring banks, independent sales organizations (ISOs), payment service providers (PSPs) and other acquiring value chain members with the tools and services they need to identify, mitigate, and monitor risk in their merchant portfolios. Over the past seven years, G2 has built the world’s largest map of relationships between merchants, websites and e-commerce service providers. G2 persistently monitors millions of e-commerce websites for compliance with laws, acquirer policies and card network rules. The company leads the payments industry in the identification of third-party merchant agents, and provides merchant investigation and analysis services for hundreds of the industry’s largest financial institutions.
“Partnering with Primus Capital enables G2 Web Services to further support our clients globally with an expanded presence in Europe and Asia. The investment also allows us to accelerate the introduction of our new Global Boarding service, the first in a suite of new services under development, which will transform merchant risk analysis at boarding and throughout the merchant life cycle,” said Kevin Omiliak, General Manager of G2. “My partners and I are pleased to align ourselves with an investment partner that shares our vision for the future of merchant risk management.”
Primus Capital’s Managing Director, Jonathan Dick, said of the investment, “G2 Web Services combines a long history of strong financial performance and growth with a unique market position and an immense database map of merchant information. We are confident that G2 is changing the way the financial industry identifies and mitigates risk, and also believe there are a number of other companies that could benefit from being part of the G2 platform. We look forward to working with G2 to help the business continue on its rapid growth curve.”
About G2 Web Services
G2 Web Services, LLC is the recognized leader in merchant compliance monitoring and e-commerce risk management. G2 works globally with acquiring banks, independent sales organizations (ISOs), payment service providers (PSPs) and other acquiring value chain members to identify, mitigate and monitor risk posed by their merchants’ online presences.
By monitoring millions of merchant websites worldwide and collecting billions of data artifacts, G2 Web Services has built the industry’s largest e-commerce relationship map that provides a comprehensive and global view of e-commerce across the entire industry. From analyzing the risk involved with boarding a new merchant, to the regular review of website content for compliance violations, to third-party and account data compromise (ADC) risk mitigation, G2 provides a comprehensive set of tools and services to effectively manage acquiring organizations’ risk throughout the merchant lifecycle.
G2 Web Services continues to be run by its three original founders and talented management team. G2 is headquartered in Bellevue, WA, USA. The partnership with Primus represents the company’s first external investment. For more information, please visit www.g2webservices.com.
About Primus Capital
Founded in 1983, Primus is a private equity firm that invests in high-growth companies within the business services, healthcare and education industries. With a flexible investment approach, Primus pursues transaction types that include management-led buyouts, control and non-control recapitalizations and growth equity investments. For more information, please visit www.primuscapital.com. |
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| To: Glenn Petersen who wrote (5644) | 9/7/2011 4:58:13 PM | | From: stockman_scott | | | | Crosslink Capital and Seattle angel investors Geoff Entress, Michael Buhrmann and others have invested $1.2 million in Balance Financial, a Bellevue company which is looking to combine elements of Quicken’s Mint.com with the personal financial management of H&R Block. “Instead of just another DIY tool, Balance manages your personal finances for you,” explains CEO Devin Miller. “Balance combines a real human bookkeeper along with purpose built software and an array of bill management, budgeting and forecasting tools to provide an alternative in personal finance that is more like H&R Block than Turbo Tax.”...
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| To: Glenn Petersen who wrote (5644) | 9/7/2011 5:02:16 PM | | From: stockman_scott | | | | Amazon.com founder Jeff Bezos and Starbucks CEO Howard Schultz’s venture capital firm, Maveron, are tossing their support behind General Assembly, a New York City startup incubator which started last year with “little more than an idea and concrete floor.” The Seattle entrepreneurs — joined by well known investors such as Yuri Milner and Tom Vander Ark — are sinking $4.25 million into the concept. The idea behind General Assembly is to create a welcoming space where entrepreneurs, designers, developers and dreamers can learn, hack and interact with others who are taking the startup plunge...
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