Virgo Capital
Virgo Capital, with offices in Austin, TX and Oklahoma City, OK is a private equity firm focused on making control investments in profitable and growing technology-enabled services companies. The firm was founded in 2005 by Hemanth Parasuram and Guhan Swaminathan. Virgo currently manages Virgo Capital Fund I, L.P. which has total capital commitments of nearly $50 million.
Investment Strategy
Virgo Capital proactively focuses on the technology-enabled financial services vertical market. Their particular areas of interest include outsourced services, banking, transaction and mortgage services, and insurance and investment management services. They invest exclusively in profitable and growing business services companies in the lower mid-market, which are companies who have revenues between $10 and $50 million. Their investment approach strongly emphasizes close partnerships with strong management teams.
Current Portfolio
On June 7, 2007, Accord Human Resources and Virgo Capital jointly announced that Virgo had led an acquisition of Accord, a provider of outsourced human resource management solutions, also known as a Professional Employer Organization or PEO.
On August 16, 2007, Virgo Capital announced that it had acquired a majority stake in Palo Alto based iProfile, a provider of online business intelligence and lead generation services for sales and marketing personnel targeting the enterprise technology sector.
External Resources
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