Battery Ventures Inducted into Dow Jones Private Equity Hall of Fame

WALTHAM, Mass. & MENLO PARK, Calif.--(EON: Enhanced Online News)--Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that the firm has been inducted into The Private Equity Hall of Fame in the Venture Capital Category. Each year the Dow Jones Private Equity Analyst newsletter organizes The Private Equity Hall of Fame to recognize exemplary and enduring contributions to the venture capital, buyout and related private equity disciplines.

“We are pleased to welcome Battery to The Private Equity Hall of Fame and look forward to watching how the firm continues to tap new markets, re-orient businesses and drive change in the industry.”

In making the selection, Battery Ventures was recognized for:

Ongoing and open communication with limited partners;
A distinguished and consistent track record in backing technology companies;
A flexible approach to investing, specifically the willingness to invest at any stage from startup to PIPEs; and
A commitment to investing across the globe and in an array of sectors, including Digital Media, Financial Services, Semiconductors and Cleantech.

“Battery Ventures is a quality venture capital firm with a seasoned team and disciplined investment approach,” said David Barry, Managing Editor, Dow Jones Conferences. “We are pleased to welcome Battery to The Private Equity Hall of Fame and look forward to watching how the firm continues to tap new markets, re-orient businesses and drive change in the industry.”

Richard Frisbie, Founder and General Partner, Battery Ventures is attending an award and induction ceremony at the Dow Jones 17^th Annual Private Equity Analyst Conference on Tuesday, Sept. 28^th.

“Battery is a multistage investment firm, with a long history of technology-based private equity transactions that dates back to the days of our first fund in the mid-1980’s. We believe that a unique blend of deep technology knowledge, business model understanding, and financial engineering skills are critical to our ability to invest at all stages of a company’s lifecycle,” said Frisbie. ”We’re extremely honored to join this distinguished group and be inducted into the Private Equity Hall of Fame.”

Earlier this year, Battery closed Battery IX, a $750 million fund. The fund will continue the same investment strategy Battery has employed for more than 25 years, investing in businesses from the seed stage to growth equity and buyouts across a variety of technology and related markets.

About Battery Ventures

Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company’s life, from start-up and expansion financing, to growth equity and buyouts.

Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic (acquired by BMC), Cbeyond (NASDAQ: CBEY), LIFFE (acquired by Euronext), MaxLinear (NYSE: MXL), MetroPCS (NYSE: PCS) and Neoteris (acquired by Netscreen). Its current portfolio includes firms such as Angie’s List, Bazaarvoice, Blue Kai, Exact Target, GreenBytes, Groupon, Jelli, ITA Software, Modular Wind Energy, Opscode, SafetyWeb, Smooth-Stone and VSS Monitoring.

From offices in Boston, Silicon Valley and Israel, Battery manages nearly $4B in committed capital, including its current fund of $750M. For more information, visit www.battery.com or follow Battery on Twitter: @BatteryVentures.

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