Greenwich, Connecticut – (The Hosting News) – May 26, 2006 – Business development investment firm, Technology Investment Capital Corp., has completed an $8 million investment in senior secured notes with warrants issued by an existing portfolio company specializing in shared web-hosting solutions and Internet services.
Technology Investment Capital Corp. is a business development company primarily engaged in providing capital to technology-related companies. TICC concentrates its investments in companies having annual revenues of less than $200 million and/or a market capitalization or enterprise value of less than $300 million, with a focus on businesses in the following sectors: computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, diversified technology, medical device technology, information technology infrastructure or services, Internet, telecommunications and telecommunications equipment and media.
TICC’s investment activities are managed by Technology Investment Management, LLC, an investment adviser that is registered under the Investment Advisers Act of 1940. A publicly traded business development company, the structures of its financings vary, as it seeks to invest primarily in the debt of established technology-related businesses.
To learn more, please visit: www.ticc.com.