New Signature Secures $35M Investment from Columbia Capital
New Signature, the 2014 Microsoft United States Partner of the Year, announced today it has secured an initial funding commitment of $35 million from Columbia Capital. The investment will be used to fuel expansion of the company’s capabilities and market coverage—with a focus on Azure, Office 365 and Dynamics CRM Online.
New Signature, the 2014 Microsoft United States Partner of the Year, announced today it has secured an initial funding commitment of $35 million from Columbia Capital. The investment will be used to fuel expansion of the company’s capabilities and market coverage—with a focus on Azure, Office 365 and Dynamics CRM Online. The company also announced the appointment of Jeff Tench to the post of CEO and Neil Hobbs as Chairman. Tench is an industry veteran with more than 20 years of experience leading high growth technology companies. Most recently he served as Chief Executive Officer of Teliris, and prior to Teliris was President of Business Markets Group at Level 3 Communications. Hobbs has a 30 year career in technology and telecommunications with senior leadership positions at BT, Concert, and Level 3. He is the former CEO of Atlantix, and Teliris, and is currently the Chairman of EU Networks. New Signature co-founders Christopher Hertz and David Geevaratne will take the posts of President and Chief Sales Officer respectively.
The New Signature executive team, which will remain intact, are looking forward to the accelerated growth that Jeff’s leadership and the Columbia Capital funding will enable. “We are excited to be entering the next stage of our development alongside Jeff and Neil and a respected capital partner,” said Hertz. “Jeff’s experience building successful services organizations enables our firm to take the reputation and credibility we have established to new heights.”
Tench will lead New Signature toward its goal of becoming the premier Microsoft Partner in North America by investing further in their current markets, embarking on national expansion, broadening and deepening areas of expertise, and pursuing strategic acquisitions. “New Signature is a vibrant organization with a track record of providing an amazing customer experience and delivering innovative solutions to enterprises using Microsoft solutions and cloud services,” said Tench. “I am extremely excited to join New Signature. Through our shared vision of delivering world-class customer experiences and our commitment to Microsoft solutions and cloud services, we will continue to ensure our customers achieve outstanding results with the highest return on their investment. New Signature has full-stack Microsoft expertise which enables us to evangelize Microsoft cloud services and ultimately accelerate the purchase and consumption of these services. With a clear focus on delivering actionable roadmaps to business and technical decision makers, we will chart the course for solution optimization and modernization through cloud technologies such as Azure, Office 365 and Dynamics CRM Online.”