Frontier Capital Exits Azaleos

Frontier Capital has exited its investment in Azaleos Corporation, a provider of managed email, collaboration and unified communications services. The company was acquired by Avanade, a subsidiary of Microsoft Corporation. Terms were not disclosed. Azaleos is based in Seattle.

PRESS RELEASE

Frontier Capital is pleased to announce the successful exit of its investment in Azaleos Corporation, a leading provider of managed email, collaboration and unified communications services available in private cloud, on-premise or mixed deployment architectures.

Headquartered in Seattle, WA, Azaleos provides remotely managed services for Microsoft Exchange, SharePoint and Lync, using advanced software to remotely monitor and manage email, collaboration, and unified communications systems. The company was acquired by Avanade, a global business technology solutions and managed services provider, and subsidiary of Microsoft Corporation (NasdaqGS:MSFT). Approximately 200 Azaleos employees joined Avanade as part of the acquisition. The transaction, initially announced on November 13, 2012, closed on December 18, 2012. Terms of the transaction were not disclosed. To learn more, click here.

About Frontier Capital: Frontier Capital is a Charlotte-based growth equity firm focused exclusively on technology enabled business services. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. We make minority and majority equity investments in high growth companies and have built an excellent track record of delivering returns to both our investors and management partners.

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