If you want to fight back, call these three boobs. The pack of idiots are the ones who finance Tetramedia via their investment in V12 Group which recently bought Tetramedia. Michael Barnes owns Scholastic it seems (their website is registered in his name) and he is the number two guy on the management team list for Tetramedia. But its the guys who are at NewSpring Ventures who should have done more due diligence before funding a company that runs a complete fraud. So if you are looking to get Scholastic to stop, just call these guys like 100 times a day. I include the beginning of each press release to show you the trail.
NEWSPRING CAPITAL ADDS
ANOTHER PORTFOLIO COMPANY,
WITH A $3.125 INVESTMENT IN V12 GROUP
RADNOR, PA, June 29, 2007 – NewSpring Capital today announced the investment of $3.125mm in V12 Group (www.V12group.com) by NewSpring Mezzanine Capital, L.P. NewSpring funded this transaction with both mezzanine debt and equity which was used by the Company to acquire Direct Marketing Associates (DMA) based in Delray Beach, Florida. NewSpring led the $6.25mm round with a co-investment by CapitalSouth Partners.
V12 Group is a complete provider of multi-channel direct marketing solutions for a variety of industries. “Further strengthening V12 Group’s core data business is a key driver to the acquisition strategy which fortifies the Company’s growth,” said V12 Group CEO, Paul Chachko. “NewSpring was instrumental in getting this transaction completed and we look forward to their assistance and insight which they bring to the business.”
V12 Group Acquires Teramedia
Press Release
August 27th, 2007
Read a special message from Teramedia CEO, Steve Hardigree
Orlando, FL – Teramedia announces that it has been acquired by V12 Group, headquartered in Red Bank, New Jersey. This follows V12’s recent acquisition of Direct Marketing Associates (DMA) based in Fort Lauderdale, Florida.
Teramedia manages and brokers direct mail, e-mail, telemarketing, and multichannel lists. Our product offerings also include email append, eCOA, database hygiene, and data licensing—all of which will enhance V12 Group’s suite of existing data driven marketing solutions.
Teramedia’s CEO Steve Hardigree and other executives will remain with V12 Group and will continue to be a driving force in the evolution of V12 Group. Mr. Hardigree states, “This agreement will mean a great deal to our clients and help ensure the continuation of our tradition of providing the highest value multi-channel direct marketing solutions.”
NewSpring Ventures
NewSpring Capital
Radnor Financial Center
555 E. Lancaster Avenue, Suite 520
Radnor, PA 19087
Phone: (610) 567-2380
Fax: (610) 567-2388
e-mail:
[email protected]
NJ Office:
101 JFK Parkway, 4th Floor
Short Hills, NJ 07078
Phone: (973) 467-1133
Fax: (973) 467-3007
Michael A. DiPiano
Mr. DiPiano is a General Partner of NewSpring Ventures and the Managing Partner of NewSpring Capital. Prior to joining NewSpring Capital, Mr. DiPiano was a serial entrepreneur and investor. He led or co-led the investment into six companies in the business services, healthcare and information technology industries. During that time, he was affiliated with Safeguard Scientifics (NYSE:SFG) and their related Funds. Prior to 1996, he spent six years as a division CEO and director of Chemical Leaman Corporation. Mr. DiPiano started his career in 1980 with Baxter Healthcare Corporation (NYSE: BAX) where he held numerous positions culminating as Vice President responsible for Operations and Sales of the Industrial Scientific Products Division. He currently serves on the boards of Ecount; Femme Pharma; the Mid-Atlantic Capital Alliance, formerly known as the Greater Philadelphia Venture Group, which is a trade association representing over 80 Mid-Atlantic based private equity funds with approximately $12 billion under management, where he served as the 2005 program year Chairman; NutriSystem (NASDAQ: NTRI); Prescient Applied Intelligences (OTC BB: PPID); and the University City Science Center, where he sits on the investment committee. E-mail:
[email protected]
Marc R. Lederman
Mr. Lederman is a General Partner of NewSpring Ventures and a Partner of NewSpring Capital. He has an extensive background in finance, consulting and accounting. Prior to joining NSC, he was a Manager in the Business Assurance and Advisory Services Group of Deloitte & Touche. During his tenure at Deloitte & Touche, he led various projects within the financial services and healthcare industries, including mergers and acquisitions engagements, consulting projects and financial statement audits. He currently serves on the boards of RealTIME Media and CorrectNet. Mr. Lederman previously served on the board of directors of InnaPhase until its sale to Thermo Electron Corporation (NYSE: TMO) in September 2004. Mr. Lederman is an active member of the region’s venture capital community. He serves on the Steering Committees of the Greater Philadelphia Venture Group’s Venture Institute and the Mid-Atlantic Venture Conference, which he is also serving as the 2005 Technology & Services Selection Committee Chairman. He is also an active panelist and supporter of the regional universities’ entrepreneurial programs. He received a B.S. in Accountancy, cum laude, from Villanova University and an MBA from The Wharton School of the University of Pennsylvania. In addition, Mr. Lederman is a Certified Public Accountant. E-mail:
[email protected]
Glenn T. Rieger
Mr. Rieger is a General Partner of NewSpring Ventures and a Partner of NewSpring Capital. Prior to joining NewSpring in 2004, he was a co-founder and managing director of Cross Atlantic Capital Partners, inc., the management company that oversees the operations of three venture funds with over $350 million in assets under management. He oversaw the operations of Cross Atlantic’s U.S. activities out of its Radnor, PA office and worked closely with several portfolio companies, including: Ecount, Gain Capital, and Management Dynamics. Prior to Cross Atlantic, he was a Senior Vice President for Safeguard Scientifics (NYSE:SFE) in charge of business development. In this position, he developed and oversaw merger, acquisition, investment and exit opportunities for Safeguard. In addition, he served as a business partner and director for five of Safeguard's partnership companies. Prior to joining Safeguard, he was a managing director of a boutique investment banking firm specializing in mergers and acquisitions, and President and Chief Executive Officer of a $1 billion California savings bank that employed over 250 people. He is active in the local venture capital community and for the 2004 program year chaired the Greater Philadelphia Venture Group, a trade association representing more than 80 venture funds representing approximately $12 billion in assets under management. He is a graduate of Colby College and has an MBA from The Wharton School of the University of Pennsylvania. Email:
[email protected]