May 26, 2007

Turn Eight Group Partners with Invest Northern Ireland (INI) to assist technology companies from Northern Ireland enter/expand in the US Market

 

Turn Eight Group has joined with Threshold Ventures, The Bateman Company and INI to provide business and sales expertise to select Northern Ireland-based companies that seek to initiate or expand sales in the US Market. Part of INI’s mission is to help their companies successfully sell their products and services outside their local market. To accomplish this, INI has enlisted the partnership to assist in selecting Northern Ireland (NI) companies that are ready to tackle the US Market as well as work with them to successfully enter and expand their US Market. The work involves developing/vetting their go-to-market strategy, identifying/selecting/negotiating business partner relationships, as well as assisting in the execution of other areas critical to their plan.

 

To date five NI companies have entered the US market with our assistance. This group offers an impressive array of software and application products for GIS enhanced real estate appraisal, social services CRM, mobile workers, data cleansing and verification, and correctional institutions.

 

“A powerful combination of Northern Ireland’s first class university system and a very strong entrepreneurial spirit, together with an old fashioned ethic of hard work has provided us with a group of technology companies that are a pleasure to work with in tackling the sometimes daunting US market” commented Jon Baer of Threshold Ventures. “We find essentially no difference in the way these companies apply creative technological solutions to the business needs and the native Silicon Valley companies we have worked with so much in the past.”

 

INI is constantly evaluating new NI companies for their readiness to enter markets in Europe, Asia, South America and the US. We anticipate the number of companies involved in the program to increase over time. Our mission is to help them reach a point where they no longer need assistance and can proceed on their own.

 

About INI

Invest Northern Irelands (INI) role is to grow the economy by helping new and existing businesses to compete internationally, and by attracting new investment to Northern Ireland. They are part of the Department of Enterprise, Trade and Investment and provide strong government support for business by effectively delivering the Government’s economic development strategies, making the most efficient use of available resources.  Invest NI offers the Northern Ireland business community a single organization providing high-quality services, programs, support and expert advice. For further information visit us at

www.investni.com

 

About Threshold Ventures

Threshold Ventures (TV) are venture architects and builders. They help new ventures draft and refine their business and move past each threshold to the next stage of business success. They apply their knowledge and experience to meet their Clients needs — whether helping to acquire initial customers, building a scalable business or leveraging products into new markets. They advise and mentor, lead or execute as appropriate.

Threshold Ventures was founded in 1999 by a former venture capitalist, Jon Baer. He noted that while startup companies had access to capital often they did not have the appropriate resources to help them with the management, strategic and operational challenges that early stage companies typically face. TV has provided such help to startups as well as later stage companies.

The Threshold Ventures principals possess extensive startup experience as well as a broad base of contacts and relationships in Silicon Valley and throughout the world. The network includes venture capitalists, angel investors, technology leaders, corporate executives, companies and various other organizations.

 

About The Bateman Company

Founder and President Michael K. Bateman has over 40 years of experience with high technology companies. After a 20 year career at Tandem Computers, he has worked with numerous software companies where he has been instrumental in obtaining funding as well as maximizing shareholder value through mergers and/or acquisitions. He most often has served in the position of Chairman of the board or as a board member. In addition to Rent One Online, he currently holds board positions at SellPoint and Left Bank Solutions. He is a board member emeritus of the Silicon Valley Chapter of the Association for Corporate Growth, a member of the Band of Angels, and a Horizon Ventures and Selby Venture Partners Limited Partner. The Bateman Company is located in Los Altos, California.

 

About Turn Eight Group

Turn Eight Group focuses on the production of revenue. Our clients are CEOs, board members, investors and senior executives that seek to build company value by producing customers and revenue. TEG helps companies produce initial revenues, break through plateaus, identify opportunities for the expansion of the business, or sell it. We help clarify goals, develop and refine a plan and drive execution. Turn Eight Group is located in Los Altos California. For more information please contact us at www.turneightgroup.com or email us at information@turneightgroup.com