SOURCE: LeverPoint, LLC

October 13, 2006 17:00 ET

Phil Snare Joins LeverPoint Global as Executive Vice President Corporate Development

CEO Todd Bramblett Adds Seasoned Corporate Executive to Help LeverPoint's Rapid Expansion Into New Industry Verticals and Global Delivery Centers Through M & A

RESTON, VA -- (MARKET WIRE) -- October 13, 2006 -- Phil Snare comes to LeverPoint Global from Blue Water Capital, where he was a Managing Director. At Blue Water, Phil was involved with the private equity firm's fund raising efforts and assisted portfolio companies with sales and marketing challenges. Blue Water investments were typically in expansion stage IT companies achieving $2 million to $50 million in revenues.

"We look forward to Phil's creative energy and enthusiasm to extend our presence into the technology investment community as we acquire new partnerships," says CEO Todd Bramblett. Phil Snare indicates that, "LeverPoint is at an exciting inflection point in its corporate development... it's executing superbly on several fronts making my job much easier to enlist new strategic relationships throughout the LeverPoint Holdings enterprise."

Phil's work experience in overseas markets included tours to Latin America, Asia and Europe -- including former Eastern Bloc countries. "He's well acquainted with client-centric focused companies at the Fortune 500 level -- that complements our executive team nicely," adds Todd Bramblett.

Phil held executive positions in companies that have ranged in size from 30 to 750, spanning start-up stage to recently IPO'd. "Phil's experience in a broad range of enterprises, from VC-backed startups to Fortune 50 companies, is a great asset for us in this next phase of our growth," says Bramblett. "We're committed to taking our clients from one stage to the next... that devotion is what sets our services apart," continues Bramblett.

About the LeverPoint Companies

LeverPoint Global is part of the LeverPoint Holdings corporate structure, and a sister company to both LeverPoint, LLC and LeverPoint Capital Partners, LLC. All three companies work in concert to provide a broad and deep global IT outsourcing and software testing solutions to the marketplace. LeverPoint Global is charged with identifying and acquiring top-notch software services firms. Targeted are US-based and global software services firms that will increase LeverPoint's overall capacity while strengthening its depth of capability worldwide.

LeverPoint, LLC was founded to provide world-class offshore software outsourcing and software testing services to companies that consider their applications to be truly mission-critical. LeverPoint initially served the software industry (ISVs, ASPs, etc.) and from that base, branched into other sectors such as financial services and healthcare.

LeverPoint Capital Partner, LLC provides "angel bridge" capital to a select LeverPoint, LLC clients. LCP's mission is to create significant value while reducing overall risk. This is achieved by leveraging LeverPoint's: 1) product management and software development expertise and personnel to accelerate the company's ability to bring product to market, and 2) extensive reach into the VC and private equity community to assist the company more quickly identify and gain access to institutional capital.

Contact Information

  • For more information, please contact:

    Yasmin Cox
    LeverPoint, LLC
    www.leverpointinc.com
    11417 Sunset Hills Road, Suite 215
    Reston, VA 20190
    703-435-6365/888-LeverUp