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Chicago Cloud IT Services Company Announces $2.4 Million Series A Funding

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Chicago, IL (PRWEB) February 04, 2014

ADAR IT, a Chicago-based cloud computing company has secured $ 2.4 million in Series A funding from MK Capital and engaged BOSI Global as an operating partner to build on 84% compounded annual growth and 97% customer retention.

ADAR IT is an innovative cloud IT services company bringing enterprise-level cloud solutions to small to medium-sized businesses. Each customer is set up with their own ADAR Private Cloud™ – so their entire IT infrastructure gets virtualized. Power outages and disasters affecting an office infrastructure no longer affect productivity or data security. Individuals can access their entire virtual desktop from anywhere with a high-speed connection – using even a tablet or smartphone. Customers pay a flat monthly fee to access this end-to-end technology on demand—from desktops, servers, and data storage—to unlimited technical support and IT consulting.

“We are a next-generation managed service provider that cares deeply about the customer experience,” says CEO and co-founder Vadim Vladimirskiy. “We bundle all of the IT services a business owner needs into a secure, sophisticated and reliable solution. One fixed monthly price covers all things IT.”

ADAR’s innovative delivery of IT services and fanatical customer service has led to rapid growth, customer churn of under 3%, and evangelist-like customers in the US, Europe and Asia.

“When I first met Vadim I was quite impressed with how he had built ADAR IT, with essentially no paid in capital, into a managed services provider with over 100 customers around the globe” says Bret Maxwell, General Partner at MK Capital, “and his vision for providing a state-of-the-art, cloud-based offering serving the small and medium-sized marketplace that was both cost effective and of high quality. As we learned more and conducted due diligence, we were even more impressed at the level of customer satisfaction – with many customers being almost evangelical in their praise for the solution. ADAR is offering a solution today for small and medium size enterprises that historically was only available to much larger entities at a significantly higher price point.”

“Vadim is a smart, driven entrepreneur,” says Charlie McClary, CEO of BOSI Global – ADAR’s operating partner. “In a world where entrepreneurs chase Series A funding with marginal revenues and no profits, it is refreshing to see someone like him build a thriving high-growth company with substantial profits first. We’re energized to partner with him to take ADAR IT to the forefront of the managed services space.”

About ADAR IT

ADAR IT provides cloud-based IT solutions for small and mid-size businesses. IT services include server hosting, desktop hosting, network design and implementation, software licensing, network security services, local and off-site backup, ongoing network maintenance and support, disaster recovery systems, and consulting services. In addition, ADAR IT provides customers with a fully managed network migration service from traditional in-house IT systems to the cloud-based platform, giving small to mid-size businesses the same IT advantages enjoyed by Fortune 500 enterprises. For more information, visit http://www.adarit.com or call (877) 860-0700.

About MK Capital

MK Capital invests in early and growth stage companies in the software and digital media industries. The firm’s partners, who average over fifteen years of venture capital experience, partner with entrepreneurial management teams to build leading companies in emerging markets. MK Capital has deep domain expertise in the marketing, education and cloud infrastructure industries. The firm is headquartered in Chicago and has offices in Los Angeles and Ann Arbor. MK Capital manages over $ 250 million in capital and is actively seeking new investment opportunities. For more information, visit http://www.mkcapital.com or call (312) 324-7700.

About BOSI Global

BOSI Global serves as Operating Partner to venture-backed and privately held companies. The company is made up of successful entrepreneurs and corporate leaders with strong pedigree in high-growth operations across all areas of business. BOSI Global has offices across the US as well as in Singapore, Europe and Canada. For more information, visit http://www.bosiglobal.com or call (877) 264-2674.

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ACG Chicago, Inc. Presents the Annual Mergers and Acquisitions Market Trends Breakfast

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Chicago, IL (PRWEB) January 31, 2014

ACG Chicago is proud to be hosting the annual Market Trends breakfast on Friday, February 7 from 7:30am to 10:30am (including networking time) at the Standard Club in Chicago. Hundreds have attended this classic each year for at least three decades. This year 250-300 will join our elite panel of experts to discuss the 2014 market and the best paths for capitalizing growth.

The 2014 Market Trends panel includes:

Maneesh K. Chawla, Principal, Prospect Partners, LLC
Eric D. Malchow, Managing Director, Lincoln International, LLC
Ryan R. McKenzie, Partner, Arbor Investments
Dennis R. Robleski, Managing Director, BMO Harris Bank, and
Suzanne L. Saxman, Partner, Seyfarth Shaw LLP (Moderator)

Maneesh Chawla is a private equity veteran with 15 years of experience investing in smaller lower-middle-market companies. As a Principal of Prospect Partners, he is involved in all aspects of investment sourcing, execution, and management. Mr. Chawla currently serves on the board of directors of five of the firm’s portfolio companies. Mr. Chawla joined Prospect Partners in 2000 and became a Principal of the Firm in 2004.

Eric Malchow is Co-President North America and Managing Director of Lincoln International. He joined the firm during its founding in 1996 and is a member of the firm’s Management Committee and co-heads the Global Industrial Group. Eric has approximately 20 years of transactional experience focused in middle-market mergers and acquisitions assignments. Eric’s clients include leading private equity groups and publicly-traded corporations. His experience includes advising on the sale and acquisition of companies which are market-leading, overleveraged, distressed or proceeding through the bankruptcy process. His experience also includes advising on numerous cross-border transactions.

Ryan McKenzie joined Arbor in 2000. He is the former owner and Chief Operating Officer of Chicago, Illinois-based ice machine distribution & leasing firms Automatic Ice, Inc. and Icemakers, LLC. Prior to his involvement in the ice business, Mr. McKenzie spent 20 years in senior positions in the commercial banking industry, including senior lender, CIO, Head of Corporate Finance and Director of the Mezzanine Finance Group at American National Bank of Chicago. He is also the former President and COO of Pullman Bank, Chicago, Illinois. For Arbor Fund I, Mr. McKenzie was an Operating Partner and served on the Board of the Pinnacle Equipment Group. Mr. McKenzie serves as a Director of Columbus Manufacturing, Inc., New French Bakery, Inc. and Gold Standard Baking, Inc.

Dennis Robleski is managing director and group head of BMO Harris Bank’s sponsor finance group, where he manages a team of 45 professionals and more than $ 3.5 billion in assets. Prior to joining BMO Harris Bank, Mr. Robleski co-founded and served as managing director of Merrill Lynch Capital’s corporate finance group, which upon its sale had assets of more than $ 5.5 billion. Before joining Merrill Lynch Capital, Mr. Robleski spent 19 years at Heller Financial, where as executive vice president and group head for sponsor finance and private equity investments, he oversaw 85 individuals and more than $ 3 billion of assets. Mr. Robleski also served in origination, underwriting, portfolio management and workout roles in Heller’s Chicago, Atlanta and Dallas offices.

Ms. Saxman is a partner in the Chicago office of Seyfarth Shaw LLP and Chair of Seyfarth’s Mergers & Acquisitions practice group, concentrates her practice in mergers and acquisitions, commercial transactions, and general corporate matters. She advises on the ideal form of organization, business plans, equity and stockholder agreements, commercial transactions, and exit strategies. Ms. Saxman has extensive experience resolving owner disputes and negotiating settlements. Ms. Saxman represents clients in mergers and acquisitions and other business development opportunities such as marketing, distribution and licensing agreements, and joint ventures. She strategizes on the business and legal aspects of negotiating transactions and corporate governance. Ms. Saxman also represents clients on the purchase and sale of distressed assets. She also advises clients on commercial financing matters and negotiates acquisition financing, private debt and equity financing, and venture capital.

The Market Trends event is open for registrations at http://www.acgchicago.com/14markettrends.aspx. Registration prices are $ 45.00 ($ 30.00 for ACG members) through February 3rd. Late registration after February 3rd is $ 60.00 ($ 45.00 for ACG members). You can call 877-224-6389 for more information.







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Patch of Land to Speak on Raising Capital for Real Estate Through Crowdfunding at Chicago Midwest Crowdfunding Conference

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Chicago, IL (PRWEB) November 15, 2013

Brian Fritton, Co-Founder and COO of Los Angeles-based Patch of Land will discuss the mechanics of utilizing crowdfunding to raise capital for real estate investment projects. Topics will include criteria for a good property investment through crowdfunding, the best way to get your project funded quickly, and how to avoid regulatory compliance issues.

“I am excited to be speaking about the new opportunities available in real estate investment,” says Fritton. “The recent crowdfunding regulations provide unprecedented access to one of the most historically powerful asset classes.”

The event, called the “Midwest CrowdFunding Conference” will give insights into the world of crowdfunding for seasoned professionals and new entrepreneurs alike. Speakers include venture capital managers, securities professionals, marketing gurus and some of the most well known thought leaders in the crowdfunding industry. Held in Chicago, the conference takes place on Friday, November 15th, 2013. Fees range from $ 35 for the morning sessions to $ 140 for a full VIP event pass.

Register online at: http://www.midwestcrowdfunding.com/.

About Patch of Land

Founded in early 2013, Patch of Land is a pioneer in the emerging crowdfunding industry. Focused on identifying highly lucrative real estate investments, Patch of Land provides access to these opportunities through their online portal. Investors can choose individual properties to fund and diversify their funds across many different asset classes and risk profiles.

About Brian Fritton

Brian Fritton is a seasoned eCommerce expert who, as Patch of Land‘s VP of Platform & Operations, oversees the development of their in-house real estate crowdfunding platform and assures each Investor has a great experience through the full lifecycle of their involvement in each project. Brian brings together the two worlds of technology and real estate to create a secure, engaging, lucrative place for Investors interested in pre-screened opportunities. Unique to Patch of Land, Brian helps administer an internal fund which selectively pre-funds capital requested by partnered real estate operators, creating a better way for them to obtain capital and ensuring a conservative yet diverse portfolio for investors.







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