| [May 15, 2008] |
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ACG Receives 2.5 Million in Venture Financing From Tracer Capital
SAN FRANCISCO --(Business Wire)-- Aragon Consulting Group (ACG), a fast-growing technology solutions services company, announced the close of 2.5 million series A financing from large investment company Tracer Capital.
ACG Chief Operating Officer, Brian Gee explained the timing of Tracer's investment aligns with ACG's expansion from focusing on Web 2.0 development to the growth curve of the enterprise technology space. "Business and Enterprise markets are looking for new ways to increase profits, user experience and productivity with the latest technologies," said Gee. "They are trying to mimic the success that consumer markets have reached via implementation of new technologies. ACG will help these companies integrate and update their products using our proven expertise."
Formed in 2005, ACG is an IT consulting company founded by a group of experienced professionals from top-tier strategy and IT consulting firms with a strong delivery center in Beijing, People Republic of China. ACG helps companies develop software products at a lower cost and shortened time-to-market than they could have on their own. ACG's services include strategy consulting, product analysis and development, migration, product testing and quality assurance, and product maintenance and support.
According to Tracer, ACG's track record speaks volumes. Riley McCormack, Chief Investment Officer at Tracer stated, "We were so impressed with ACG's client references and growth record, we decided to staff them on our own engagement. Their innovative engagement method and transparent process really made them stand apart from other outsourcing firms. We did not experience any of the typical pains associated with outsourcing. As a result we decided that ACG would be a great investment and we wanted to help ACG expand into larger markets."
The new capital will allow ACG to pursue key objectives around growth and innovation in the product services industry. "This funding allows us to focus on expanding our services and continue to deliver high quality products to our clients," said Gee. ACG plans to unveil their proprietary business strategy featuring next generation technology-centric services within the next month.
About ACG
ACG is the undisputed leader in providing next generation technology-centric business solutions services with a client focused process and methodology. ACG creates solutions for clients at a quality, cost-savings, and efficiency far higher than what companies can create themselves. Founded in 2005 by a group of experienced professionals from top-tier strategy and IT consulting firms, ACG specializes in very complex, cutting-edge development, using agile methodology. As a firm, ACG focuses on providing clients with a very strong U.S. side product and project management capabilities, in addition to the cost and talent advantages of offshoring software development and I.T. delivery to their development center in China. ACG's clients are the world's innovators spanning from Fortune 500 enterprises to well-financed startups.
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