MotionPoint Announces Strategic Investment by Riverwood Capital
FOR IMMEDIATE RELEASE
Jeannie Salameh and Jolie Balido
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COCONUT CREEK, FL, and MENLO PARK, CA - April 5, 2011 - MotionPoint Corporation, a worldwide provider of website translation and globalisation services, announced today that Riverwood Capital, a technology-focused private equity firm, has made a strategic investment in the company. As part of the transaction, Riverwood Capital founding partners Chris Varelas and Francisco Alvarez-Demalde are joining MotionPoint's board of directors.
Founded in 2000 and based in Coconut Creek, Fla., MotionPoint seamlessly manages websites in more than 30 languages, for more than 500 clients. Its unique service, featuring patented technologies in combination with proprietary processes, empowers companies to effortlessly engage new markets online, in any country and in any language.
Further, MotionPoint uses its technologies and proven Total Return Methodology™ to lower its clients' operating costs and optimise its clients' website traffic and conversion - increasing ROI for clients as they attack new markets.
MotionPoint's first multi-lingual website client debuted in November 2003. By 2007, the company was launching more than 100 new websites every year. Today, MotionPoint serves more than 1 billion Web pages per year for its 500+ global clients, which include Best Buy, Verizon, Delta Air Lines and Akamai.
The company continues to build on its understanding and expertise in global websites and expand its product portfolio to address new challenges and opportunities on the Internet.
"MotionPoint is now at an inflection point in the company's history," said MotionPoint CEO and Co-Founder Will Fleming. "As we position the company for continued rapid growth in the evolving online industry, we could not have hoped to collaborate with more knowledgeable or more experienced partners."
"Riverwood Capital has unparalleled abilities in helping high-growth technology companies expand on a global basis," Fleming added. "We are excited about the growth prospects for MotionPoint going forward and the opportunities provided by this new partnership with Riverwood Capital."
Riverwood's Alvarez-Demalde added: "MotionPoint is well-positioned at the crossroads of eCommerce and globalisation, which are both strong trends in today's worldwide economy. The industry vision and foresight demonstrated by the MotionPoint management team has positioned the company for tremendous growth. We look forward to applying our operational expertise and network to help MotionPoint continue to dominate the website globalisation and optimization industry as it expands rapidly in 2011 and beyond."
MotionPoint Corporation's patented technologies make it easier for companies to penetrate new markets domestically and internationally. MotionPoint translates and globalises client websites, drives traffic to those sites, and optimises user experiences for each target market. Its solution delivers the business impact, scalability and quality that propel world-class brands. In 2008 and 2009, MotionPoint was listed on Inc. magazine's Inc. 500, which ranks the 500 fastest-growing private companies in the United States. More information about MotionPoint is available at www.motionpoint.com.
About Riverwood Capital
Riverwood Capital is a globally focused private equity firm that invests in high-growth businesses in the technology and services industries, across a variety of verticals and geographies. Riverwood was established by a talented group of private equity and technology industry executives, which gives Riverwood a unique combination of operational, strategic, financial and technical insight into investment candidates. The founders group includes Michael Marks, Chris Varelas, Thomas Smach, Nicholas Brathwaite, Francisco Alvarez-Demalde and Jeffrey Parks. Riverwood has offices in Menlo Park, CA, and New York, NY, and currently has more than 20 investments in North America, Latin America and Asia. For more information, visit www.riverwoodcapital.com
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