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Investments

8

Portfolio Exits

5

Funds

1

About BroadBand Venture Partners

BroadBand Venture Partners is a venture capital firm based in Richardson, Texas.

BroadBand Venture Partners Headquarter Location

1701 North Collins Boulevard

Richardson, Texas, 75080-3564,

United States

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Latest BroadBand Venture Partners News

Cloudsite Acquires Kyoto Cooling

Sep 5, 2013

Tweet A KyotoCooling wheel being installed in the BendBroadband data center in Oregon. KyotoCooling has been acquired by Cloudsite Development. (Photo: Bend Broadband) Cloudsite Development has acquired a controlling interest in KyotoCooling B.V., a provider of cooling solutions known for its “heat wheel” approach to air economization. Cloudsite has been a long-time partner of KyotoCooling, and was the first data center customer to install its technology in Asia. Cloudsite has named Earl Hoover as the new President and Managing Director of KyotoCooling. Cloudsite Development is a Dallas-based investment company founded in 2009 by John Drossos and Leslie Alexander. Drossos is the founder of Dallas private equity firm Broadband Venture Partners, and Alexander is the owner of the Houston Rockets NBA basketball team. Cloudsite is developing data centers in the United States and China. The first Cloudsite data center is currently being developed in Tianjian, China in cooperation with the Tianjin Economic Technological Development Area. “KyotoCooling has become the focal point of our data center facility solutions, and we see the market for waterless, airside cooling solutions to be rapidly growing and very attractive from an investment standpoint” said Drossos, the CEO of Cloudsite. “We welcome the investment from Cloudsite, which further strengthens our financial position and allows us to grow our market presence worldwide”, said Pedro Matser, Principle of KyotoCooling B.V. “These new funds will be used to expand sales and marketing efforts and accelerate growth in the European and Asia-Pacific markets.” In connection with the Cloudsite investment, KyotoCooling has entered into a licensing agreement providing cooling manufacturer Air Enterprises  with the right to market and sell KyotoCooling technology throughout North America. “Uniting KyotoCooling and Air Enterprises will revolutionize the data center cooling industry,” said Martin Ellis, CEO of Air Enterprises. “This strategic partnership will combine KyotoCooling’s research and development expertise with the engineering, manufacturing and project management skills of Air Enterprises, and enable us to deliver the leading data center cooling solution to the North American market.” KyotoCooling uses outside air economization and the Kyoto Wheel to adjust temperatures within the data center while minimizing the effect of outside contaminates. There are now 76 installations located in 10 countries using the patented technology. KyotoCooling B.V. was founded in 2007 is based in Amersfoort, The Netherlands.

BroadBand Venture Partners Investments

8 Investments

BroadBand Venture Partners has made 8 investments. Their latest investment was in The Relegence Corporation as part of their Series D on February 2, 2003.

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BroadBand Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/6/2003

Series D

The Relegence Corporation

No

9/7/2001

Series C

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$99M

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0

11/13/2000

Unattributed VC - II

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$99M

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0

9/21/2000

Series A

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$99M

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0

4/18/2000

Series B

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$99M

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0

Date

2/6/2003

9/7/2001

11/13/2000

9/21/2000

4/18/2000

Round

Series D

Series C

Unattributed VC - II

Series A

Series B

Company

The Relegence Corporation

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Amount

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

0

0

0

0

BroadBand Venture Partners Portfolio Exits

5 Portfolio Exits

BroadBand Venture Partners has 5 portfolio exits. Their latest portfolio exit was VeriCenter on July 16, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/16/2007

Acquired

1

5/10/2007

IPO

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$99M

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0

11/6/2006

Acquired

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0

2/20/2006

Acquired

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$99M

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0

5/15/2002

Acquired

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0

Date

7/16/2007

5/10/2007

11/6/2006

2/20/2006

5/15/2002

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

0

0

0

0

BroadBand Venture Partners Fund History

1 Fund History

BroadBand Venture Partners has 1 fund, including Broadband Utilities Fund LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/3/2000

Broadband Utilities Fund LP

Multi-Stage Venture Capital

Closed

$10M

1

Closing Date

3/3/2000

Fund

Broadband Utilities Fund LP

Fund Type

Multi-Stage Venture Capital

Status

Closed

Amount

$10M

Sources

1

BroadBand Venture Partners Team

3 Team Members

BroadBand Venture Partners has 3 team members, including current Chief Executive Officer, Michael C Morey.

Name

Work History

Title

Status

Michael C Morey

Chief Executive Officer

Current

Michael E Gibson

Chief Financial Officer

Current

Gray Hall

BuildGroup Management, Alert Logic, Fidelity Equity Partners, VeriCenter, IBM, and U.S. Department of Energy

Managing Director

Former

Name

Michael C Morey

Michael E Gibson

Gray Hall

Work History

BuildGroup Management, Alert Logic, Fidelity Equity Partners, VeriCenter, IBM, and U.S. Department of Energy

Title

Chief Executive Officer

Chief Financial Officer

Managing Director

Status

Current

Current

Former

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