SOURCE: eCoast

eCoast Appointment setting and demand generation experts

December 04, 2009 14:42 ET

eCoast Seizes Growth Potential With New Management

eCoast, Acquired by New Co-CEOs, Slate Capital and New Markets Venture Partners, Is Confident About the Company's Future

ROCHESTER, NH--(Marketwire - December 4, 2009) - eCoast, an industry leading provider of outsourced marketing and sales productivity solutions to the technology industry, was recently acquired in a deal led by new co-CEOs Allen Tait and Chris Montgomery with funding by equity partners New Markets Venture Partners and Slate Capital.

eCoast was founded by former CEO Bill Gibney in 2000, and over the last nine years has grown to house 150 full-time employees, repeatedly earning a spot in the Inc. 5000 list of America's fastest growing companies.

Business partners for over 13 years, Tait and Montgomery were introduced to eCoast in early 2009 while seeking to purchase and operate a company with a stellar reputation, steady growth in revenue, and a market leading core business. After finalizing an agreement with the former owners, the two introduced the opportunity to Slate Capital Group, a private equity firm based in Baltimore, Maryland, and New Markets Venture Partners, a venture capital firm in College Park, Maryland.

"We are excited about our equity partnerships and the growth potential ahead of us," said Tait, co-CEO of eCoast, who oversees finance and operations at eCoast. He also added that "There is increasing demand for the outsourced marketing and lead generation services eCoast provides, and we have continued to expand our suite of offerings to stay ahead of the curve with cutting edge marketing programs for our clients."

Montgomery, co-CEO of eCoast and the overseer of all marketing and sales efforts, is quick to point out that the acquisition is an opportunity for eCoast to expand its leadership in the industry with an expanded strategic vision. "Slate Capital and New Markets are important partners who bring resources and expertise that will greatly enhance our reach and help grow our business," he said. "It is also personally rewarding to be part of an enterprise which is expanding during these tough economic times and offering real job growth in the Seacoast region."

Will Gibney, Vice President of Sales and Marketing at eCoast is also pleased with the new management. "We have two powerful economic partners backing us, and supporting the expansion of our business. Coupled with Chris and Allen's successful backgrounds, I see limitless potential for us into the future." Gibney also noted that eCoast continues to develop marquee relationships since the October purchase. "In particular, we are very excited about our recent partnership with Microsoft® to offer a new suite of Ready-to-Go Marketing packages to their partners, and we are already seeing tremendous interest in these services."

New Markets Venture Partners believes the acquisition will have a very positive impact on both parties. eCoast is looking forward to 2010 and the new opportunities that will arise as a result of the recent acquisition.

About eCoast

eCoast is an outsourced sales and channel marketing company focused on creating and executing customized programs that result in a measurable ROI for high technology clients. eCoast's service offerings include appointment setting, marketing outsourcing, channel sales, and inbound marketing. Learn More:

About Slate Capital Group

Slate Capital Group is a leading private equity investment group in Baltimore, Maryland that invests at all stages of a company's life cycle, from growth equity investing to leveraged buyouts, and is focused on companies headquartered in the Mid-Atlantic region. Learn more at

About New Markets Venture Partners

New Markets Venture Partners is a leading venture capital firm that invests in and actively assists innovative information technology, education, and healthcare companies. Learn more at

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