SignaSys, Inc. Initiates Search for ‘Series A’ Capitalization; William Fleming & Associates Retained as Advisors
Business Editors/High-Tech Writers
SAN JOSE, Calif.–(BUSINESS WIRE)–March 18, 2004
SignaSys, Inc., a Professional Technology Services company for the television broadcast market, announced today its plan to raise venture capital. Despite an adverse economy, SignaSys revenues grew over 500% between 2001 and 2003 without the support of any institutional funding.
To aid in its capitalization efforts, SignaSys has retained the advisory services of Connecticut-based investment bankers William Fleming & Associates (WFA). SignaSys’ partnership with WFA marks its emergence from its “start-up” period.
“William Fleming & Associates is the ideal partner for SignaSys,” remarks Roland Hoffmann, SignaSys’ President & CEO. “Bill has been in the business for over 25 years, and WFA has been the catalyst for nearly $300 million dollars worth of broadcast industry deals.”
Bill Fleming, Principal of WFA, notes, “SignaSys has an exciting plan to capitalize on the tremendous changes in the multi-billion dollar broadcast technology sector. In addition to the very impressive track record of its management staff, SignaSys’ product and rapid expansion planning make WFA very optimistic about its ability to raise capital for SignaSys, even beyond Series A.”
About William Fleming & Associates
Founded in 1985, Hartford, Connecticut-based William Fleming & Associates has specialized in financial consulting for the broadcast industry for over 21 years. Mr. William Fleming is the principal at William Fleming & Associates. They act as a representative to entrepreneurs in presenting business plans, securing and negotiating terms for capitalization, as well as identifying and valuing acquisition targets.
William Fleming & Associates pays particular attention to both the strategic and economic “fit” between its clients and the potential source of capital.
California-based SignaSys, Inc. is a Technology Integration company for the broadcast industry. SignaSys has consistently turned its significant R&D efforts into successful system products and professional technical services. These products and services aid companies in the professional video media market (“broadcast”) to leverage financial, operational, and legislative opportunities and challenges. In its 4 years of operations, SignaSys has risen to prominence and a leadership position. Additional information on SignaSys is available at www.signasys.com.
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