Rich May News: 2002
September 30, 2002
Rich May Client, Bain Capital, Invests in E5 Systems
E5 Systems, Inc., a provider of Advanced Application Management TM solutions for companies looking to maximize the value of their existing applications and reduce high maintenance costs, today announced that the Company has secured $10 million in funding. Rich May, a Professional Corporation, a Boston business law firm, represented the lead investor, Bain Capital Ventures, the Boston-based venture capital arm of global private equity firm, Bain Capital, in the financing round that included participation from G-51, an Austin-based venture capital firm that focuses on software and internet industries, and the E5 founding team. The funding will be used to expand joint ventures and offshore centers.
About Bain Capital
Bain Capital is one of the largest and most successful private equity investors in the U.S. Since its founding in 1984, Bain Capital has invested in more than 150 companies and currently manages approximately $13 billion. Bain Capital’s investment strategy is to invest in or acquire businesses in partnership with exceptional management teams and build the long-term value of those businesses. Bain Capital has significant experience investing in technology companies including Internet infrastructure, content and services companies. For more information, visit www.baincapital.com.
About E5 Systems
E5 Systems is the Advanced Application Management TM Company for enterprises looking to maximize the value of their existing applications and reduce high maintenance costs. E5 Systems applies strategy, portfolio management, discipline and onsite/offshore management to treat our customers’ custom applications as an independent software company would its own packaged applications. As a result, E5 Systems delivers the promised ROI of organizations’ existing technology investments and greater business agility to enable the reallocation of internal resources and budget requirements to frontier initiatives. Headquartered in Waltham, Massachusetts, E5 Systems has offices located in New York, Pennsylvania and Bangalore, India. For more information, visit www.e5systems.com.
About Rich May
Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.
Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.
For more information, visit www.richmaylaw.com.
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