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Columbia Capital provides $35 mln to New Signature

Washington, DC-based New Signature, a Microsoft national solution provider, has received $35 million in funding from Columbia Capital. According to the company, the capital will be used for expansion. Also, New Signature has named Jeff Tench as CEO and Neil Hobbs as chairman.


(PRWEB) April 22, 2015

New Signature, the 2014 Microsoft United States Partner of the Year, announced today it has secured an initial funding commitment of $35 million from Columbia Capital. The investment will be used to fuel expansion of the company’s capabilities and market coverage—with a focus on Azure, Office 365 and Dynamics CRM Online. The company also announced the appointment of Jeff Tench to the post of CEO and Neil Hobbs as Chairman. Tench is an industry veteran with more than 20 years of experience leading high growth technology companies. Most recently he served as Chief Executive Officer of Teliris, and prior to Teliris was President of Business Markets Group at Level 3 Communications. Hobbs has a 30 year career in technology and telecommunications with senior leadership positions at BT, Concert, and Level 3. He is the former CEO of Atlantix, and Teliris, and is currently the Chairman of EU Networks. New Signature co-founders Christopher Hertz and David Geevaratne will take the posts of President and Chief Sales Officer respectively.

The New Signature executive team, which will remain intact, are looking forward to the accelerated growth that Jeff’s leadership and the Columbia Capital funding will enable. “We are excited to be entering the next stage of our development alongside Jeff and Neil and a respected capital partner,” said Hertz. “Jeff’s experience building successful services organizations enables our firm to take the reputation and credibility we have established to new heights.”

Tench will lead New Signature toward its goal of becoming the premier Microsoft Partner in North America by investing further in their current markets, embarking on national expansion, broadening and deepening areas of expertise, and pursuing strategic acquisitions. “New Signature is a vibrant organization with a track record of providing an amazing customer experience and delivering innovative solutions to enterprises using Microsoft solutions and cloud services,” said Tench. “I am extremely excited to join New Signature. Through our shared vision of delivering world-class customer experiences and our commitment to Microsoft solutions and cloud services, we will continue to ensure our customers achieve outstanding results with the highest return on their investment. New Signature has full-stack Microsoft expertise which enables us to evangelize Microsoft cloud services and ultimately accelerate the purchase and consumption of these services. With a clear focus on delivering actionable roadmaps to business and technical decision makers, we will chart the course for solution optimization and modernization through cloud technologies such as Azure, Office 365 and Dynamics CRM Online.”

“Under Satya Nadella’s leadership, Microsoft has transformed into a pivotal technology provider that is focused on empowering companies across every vertical to achieve value rapidly by reinventing productivity and business processes. We are at the beginning of an enormous transformation that will change the way that businesses will leverage cloud services to grow. Microsoft is clearly positioned to be a market leader in this transformation and we believe that New Signature will be a key player in helping customers successfully navigate this transformation,” said Patrick Hendy, Partner, Columbia Capital. “Columbia is excited to work with Jeff and Neil again, and are looking forward to working with the talented and proven New Signature executive team. This combined team gives me confidence in the company’s ability to succeed as it expands its Microsoft-focused services and geographic reach,” added Columbia Capital Partner John Siegel.

About New Signature
New Signature is a Microsoft National Solution Provider headquartered in Washington, DC and with employees in 14 states and the District of Columbia. Our mandate is to deliver compelling experiences to everyone we work with—customers, colleagues, partners, vendors and the greater community. As full stack Microsoft experts, we have helped hundreds of midmarket and enterprise customers transform their business by adopting Microsoft cloud solutions such as Office 365, Azure and Dynamics CRM Online. We deliver an amazing experience to our customers by helping them solve business challenges with Microsoft solutions. Our process-driven approach is specifically designed to consistently deliver success to customers that need support for complex projects that require substantial creativity, strategic vision and stellar technology expertise.

About Columbia Capital
Columbia Capital is a venture capital firm based in Alexandria, VA. Since 1989, Columbia has been partnering with top executives to help build leading communications, media and technology companies. Over the years, the firm has invested in over 150 companies, many of which have redefined or created new industries, including Adjoined Consulting, BroadSoft, Cloud Sherpas, Cologix, MetroPCS, Nextel Communications, Presidio, Riptech, Virtustream and Zayo. Columbia currently manages approximately $2.5 billion dollars of total capital and is actively investing its sixth fund.