October 05, 2010
MSPAlliance Unveils 'Angels' Investors Group at ITEXPO
By Tammy Wolf, TMCnet Copy Editor
MSPAlliance, or “MSPA,” self-described as the world’s largest professional association and accrediting body for the managed services industry, introduced today its Angels Network, a community created to connect early-stage managed service providers with possible investment prospects. MSPA will give a closer look at its new network at the MSPWorld Conference & Expo, a collocated event with ITEXPO in Los Angeles.
The Angels investors group is described by company officials as an “effective venue” for young managed service providers to meet experienced investors targeted at the market and help their businesses reach their highest potential by securing capital.
The network will seek to help fund opportunities ranging from $25,000 to $10 million – a range not typically served by venture capital funds – by offering strategic mentoring, business advice, communications and marketing counsel, in addition to executive leadership consulting through dedicated, experienced consultants.
“There is an unprecedented opportunity for entrepreneurs and new managed services companies; market demand worldwide is undeniable,” said Charles Weaver, president and co-founder of MSPAlliance. “The challenge facing many young companies is that when traditional lending sources are not available, they must seek out an alternative means of funding.
“We created this network to bring a reliable source of capital to our members’ companies seeking to raise angel capital,” said Rob Scott of Scott & Scott, also a member of the MSPAlliance board. “We believe angel investors will be attracted to the managed services business model.”
Tammy Wolf is a TMCnet copy editor. Previously she was assistant to the editor at The Darien Times, a weekly newspaper in Darien, Conn., where she edited submissions, did page layout and design and helped manage the newspaper�s website. To read more of her articles, please visit her columnist page.