http://dallas.citybizlist.com/16/2011/3/13/Backed-by-Castletop-Capital-OpenPeak-Raises-15.5M–cbl.aspx
Posted March 13, 2011
By Brian Wolak
AUSTIN — An SEC filing indicates that OpenPeak has raised$15.54 million from a $26 million offering of mixed securities, attracting six investors.
The Boca Raton-based provider of multimedia touch-screen devices and device management platforms secured $52 million in financing last June, as reported by citybizlist. Some of its investors at the time included Intel Capital, Horizon Technology Finance, Velocity Financial Group, and a distribution finance and working capital line from GE Capital’s Commercial Distribution Finance unit.
Principals named in the new filing include:
- Daniel Gittleman, CEO
- Howard Kwon, general counsel
- Andrew Aiello, vice president
- Paul Krzyzanowski, CTO
- Louis Salamone
- Joachim Gfoeller Jr., director, from New York-based GMG Capital Partners
- J. Tomilson Hill, director, from New York-based The Blackstone Group
- Alex Komoroske, director, from Wheaton, Ill.-based Ritchie Capital
- Vincent Pizzica, director, from Burbank, Calif.-based Thomson Inc.
- James Robinson IV, director, from New York-based RRE Ventures
- John Sculley, director, from Boca Raton, Fla.-based Watermark Medical
- Morton Topfer, director, from Austin, Texas-based Castletop Capital
OpenPeak designs and develops end-to-end managed platforms and devices that enable service providers, utilities, applications developers, and content owners to interact with customers in their homes, offices, and while traveling.
The company recently introduced its new 4G-enabled OpenTablet devices that made their debut during the 2011 Mobile World Congress in Barcelona, Spain.
SEC filing: http://tinyurl.com/6gd8ujg
Bios:
Daniel J. Gittleman
Mr. Daniel J. Gittleman is the Founder, Chairman, and Chief Executive Officer of OpenPeak Inc. He founded the firm in early 2002. Mr. Gittleman is also an Advisory Partner at Millennium Technology Ventures and Millennium Technology Value Partners IV, L.P. Previously, he founded RAID Power Services, Inc. in 1995, before repositioning the company in 2000 as StorageApps, Inc. At inception, Mr. Gittleman was responsible for all sales, engineering, and marketing efforts of Raid Power. Under his leadership, the company quickly tripled revenues and margins and became the number two worldwide market leader in storage management software according to Gartner/Dataquest. As the company grew, Mr. Gittleman built and led the research and development team that developed the company’s core SANLink storage virtualization software that accounted for much of the company’s success. He was also responsible for establishing partnership relationships with Dell, Hitachi Data Systems, IBM Corporation, Hewlett-Packard, and others that eventually led to a highly successful acquisition of StorageApps by Hewlett-Packard, in 2001. Mr. Gittleman served as a Venture Partner at GMG Capital Partners L.P., which he joined in 2001. Mr. Gittleman is a frequent industry speaker on subjects ranging from wireless technology to storage and digital media.
Joachim Gfoeller Jr., GMG Capital Partners
Mr. Gfoeller co-founded GMG Capital Partners in 1997 and has served as its Managing General Partner since then. Since 2004, Mr. Norris has been actively involved on the Board of Directors of a number of GMG portfolio companies.
Prior to joining the General Partner, Mr. Gfoeller was one of the founding partners of Stolberg Partners, a New York based $70 million buyout fund established in 1993. At Stolberg Partners, Mr. Gfoeller had extensive experience investing in the private equity market, particularly in the manufacturing and distribution industries. Prior to establishing Stolberg Partners, Mr. Gfoeller served as a vice president of the money management firm Weiss, Peck & Greer (1988-1993) and as a partner of its buyout group (1992-1993).
While at Stolberg Partners and Weiss, Peck & Greer, Mr. Gfoeller was responsible for generating private equity deal flow through his extensive network in the Midwest, the South and the East Coast and was involved in all phases of the private equity investment process from finding investment opportunities, conducting due diligence, making investments to creating exit strategies.
Mr. Gfoeller is a Director or Board advisor to Forum Systems, Lancope and OpenPeak. He also sat on the Board of Directors of Phobos and StorageApps prior to their acquisitions by, respectively, SonicWALL for approximately $270 million and Hewlett-Packard for approximately $350 million.
Mr. Gfoeller holds a B.A., magna cum laude, Phi Beta Kappa, in International Studies from The Ohio State University (1981), a M.A., with honors, Economics/Latin American Studies from The Johns Hopkins School of Advanced International Studies (1983) and an M.B.A., Finance from the Wharton School at The University of Pennsylvania (1988).
J. Tomilson Hill, The Blackstone Group
J. Tomilson Hill is President and Chief Executive Officer of the Funds of Hedge Funds group, a Vice Chairman of Blackstone and a member of the board of directors of our general partner, Blackstone Group Management L.L.C.
Mr. Hill previously served as Co-Head of the Corporate and Mergers and Acquisitions Advisory group before assuming his role in the Funds of Hedge Funds group. In his current capacity, Mr. Hill is responsible for overseeing the day-to-day activities of the group, including investment management, client relationships, marketing, operations and administration. He also serves as a member of Blackstone’s Management and Executive Committees.
Before joining Blackstone in 1993, Mr. Hill began his career at First Boston, later becoming one of the Co-Founders of its Mergers & Acquisitions Department. After running the Mergers & Acquisitions Department at Smith Barney, he joined Lehman Brothers as a partner in 1982, serving as Co-Head and subsequently Head of Investment Banking. Later, he served as Co-Chief Executive Officer of Lehman Brothers and Co-President and Co-COO of Shearson Lehman Brothers Holding Inc.
Mr. Hill is a graduate of Harvard College and the Harvard Business School . He is a member of the Council on Foreign Relations where he chairs the Investment Committee and serves on the Council’s Board of Directors, and is a member of the Board of Directors of Lincoln Center Theater, where he serves as President. Mr. Hill serves as Chairman of the Board of Trustees of the Smithsonian’s Hirshhorn Museum and Sculpture Garden . He is a member of the Board of Directors of OpenPeak Inc.
James Robinson IV, RRE Ventures
Jim Robinson is a Co-Founder & Managing Partner of RRE Ventures. He has been active within the technology community for over twenty-five years as a venture capitalist, entrepreneur and banker.
Since co-founding RRE in late 1994, Jim has been responsible for more than thirty technology investments, with a focus on digital consumer, enterprise and financial services technologies. He is currently a Director of AdaptiveBlue, Betaworks, GoMobo, iCrossing, MixedSignals, m-Via, OpenPeak, Quirky, SmartPay, and Wisdomtree.
While earning a dual degree in Computer Science and Business Administration at Antioch College during the early 1980′s, Jim worked as a programmer for state government. Later he founded and was President of IV Systems, a firm that created small business applications for unix workstations. In 1986, Jim joined JP Morgan & Co., where he spent four years working on technology-related assignments, initially helping build their global risk management systems, and later as an investment banker in corporate finance. Jim earned an MBA from Harvard in 1992, and subsequently joined Hambrecht & Quist Venture Capital in San Francisco . While at H&Q he led investments primarily within the software and communications sectors.
Jim is involved in several non-profit endeavors, and has a particular interest in children’s rights and issues. He is a Director of the New York City Investment Fund (NYCIF), NYC Seed, a member of the National Police Defense Foundation, and a member of the Advisory Board of the National Association on Drug Abuse Problems. Jim has been a member of the Young President’s Organization since 1998.
Morton Topfer, Castletop Capital
Mort is a Co-Founder and Managing Director of Castletop Capital. Before Castletop, Mort was with Dell Inc. 1994 to 2002 where he served as Vice Chairman. Prior to his tenure at Dell, Mort spent 23 years with Motorola, where he held multiple executive positions spanning the full range of Motorola’s global business. Prior to Motorola, Mort spent 11 years at RCA Laboratories in various research and development and management positions, during which time he wrote a book on thick-film electronics. In 1996, Mort was conferred the Darjah Johan Negeri Penang State Award by the Governor of Penang for his contributions to the development of the electronics industry in Malaysia . Mort currently serves as a Director and Chairman of Measurement Specialties, Inc. (MEAS) and also serves as a board member of several private companies including OpenPeak Inc.
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