PM Connect: Project Management Press Releases
PM CONNECT provides up to date press releases on what is happening in the world of project management.
Wednesday, February 27, 2008
IPS Management, Together with Mainsail Partners, Acquires the Assets of IPSolutions, Inc.
New Company Is Created
SAN MATEO, CA - /PRNewswire/ - February 26, 2008 -- IP Solutions, LLC (IPS) has acquired substantially all of the assets of IPSolutions, Inc., a premier provider of corporate education and training solutions in the disciplines of strategic execution and portfolio, program, and project management. Mainsail Partners, a private equity firm with approximately $150 million under management, provided the equity investment in support of a management led buyout. The investment bank Venturi & Company LLC advised IPS management through the transaction. Terms were not disclosed.
"This transaction represents an outstanding opportunity for all of the company's clients, partners and employees to continue to prosper in the coming years" remarked IPS President and CEO Thomas A. Carter. "Management believes that Mainsail Partners is the perfect investment partner to help us aggressively grow the business while maintaining the quality and service IPS is known for in the marketplace.
"We are excited to partner with such a strong management team," said Gavin Turner, managing partner, Mainsail Partners. "Under their leadership, we expect IPS to continue to develop and provide industry leading services to Fortune 500 companies."
Headquartered in San Mateo, California, IPS delivers management training, consulting, and workshops that enable its clients to execute their strategies more effectively. IPS is also the educational partner in the Stanford Advanced Project Management program with the Stanford Center for Professional Development, part of Stanford University.
IP Solutions and the Stanford Center for Professional Development created the Stanford Advanced Project Management program in 1999. Winner of the 2005 Distinguished Non-Credit Program Award from the Association for Continuing Higher Education, this unique program was specifically developed to meet the needs of executives, senior managers, program managers, and project managers who seek powerful approaches to achieving key business goals and improving bottom-line business results.
"This transaction provides added financial strength to IP Solutions, LLC, as we continue to work together to roll out this award-winning program across the US and globally. We are convinced that Mainsail Partners shares our goals of delivering cutting edge, high quality, career-long learning to practitioners across a spectrum of industries, non-profits and governmental agencies," noted Ray Levitt, Professor of Civil and Environmental Engineering and Academic Director and founder of Stanford Advanced Project Management.
More than 8,500 professionals have participated in program courses, and nearly 2,500 program graduates have earned their Stanford Certified Project Manager credentials. In addition to courses delivered on the Stanford campus and asynchronously online, IP Solutions delivers the Stanford Advanced Project Management curriculum for clients at their locations and via synchronous, Web-enabled platforms.
About IP Solutions, LLC
Since 1988, IPS has worked with Fortune 500 corporations and other organizations in industries including IT, telecom, financial services, health care, pharmaceuticals, transportation, manufacturing, and the public sector. IPS's services help clients to execute their strategies by seeing how to manage complexity in their organizations more clearly and effectively. Most IPS services and solutions draw on the company's work with Stanford University faculty to develop and present the Stanford Advanced Project Management program. Since 1999, IPS has partnered with the Stanford Center for Professional Development on this groundbreaking, world-class curriculum. For more information, visit http://www.ipslearning.com/.
About the Stanford Advanced Project Management Program
The Stanford Advanced Project Management curriculum combines Stanford University's academic and research expertise with the proven project management methodologies of IP Solutions. Participants learn to raise project, program, and portfolio management to new levels-thereby enabling the successful execution of strategic business goals. Completing six program courses earns graduates the recognized credential of Stanford Certified Project Manager. For more information, visit http://apm.stanford.edu/.
About the Stanford Center for Professional Development
The Stanford Center for Professional Development makes it possible for working professionals worldwide to become part of the spirit of innovation and openness at Stanford University by delivering graduate-level education-master of science degrees, graduate and professional certificates and individual courses-online, on campus and at the work site. http://scpd.stanford.edu/.
About Mainsail Partners
Founded by Gavin Turner and Jason Payne in 2003, Mainsail Partners is a private equity firm that invests exclusively in profitable, growing companies in the United States and Canada. With approximately $150 million under management, Mainsail provides both the capital and experience to lead successful management buyouts, recapitalizations and growth equity investments. Mainsail works in partnership with management to help grow their portfolio companies into market leaders. Drawing on their network and expertise in operations, strategy and finance, Mainsail Partners represents a uniquely attractive partner to help shareholders and management teams realize value in their business. For more information, visit http://www.mainsailpartners.com/.
Source: IP Solutions, LLC
CONTACT:
Paul Knapp of IP Solutions, LLC,
+1-703-725-3976,
pknapp@ipsassociates.com;
or
Jamie Whitehurst of Mainsail Partners,
+1-415-391-3150,
jamie@mainsailpartners.com
Web site: http://www.ipslearning.com/
http://www.mainsailpartners.com/
http://apm.stanford.edu/
http://scpd.stanford.edu/
SAN MATEO, CA - /PRNewswire/ - February 26, 2008 -- IP Solutions, LLC (IPS) has acquired substantially all of the assets of IPSolutions, Inc., a premier provider of corporate education and training solutions in the disciplines of strategic execution and portfolio, program, and project management. Mainsail Partners, a private equity firm with approximately $150 million under management, provided the equity investment in support of a management led buyout. The investment bank Venturi & Company LLC advised IPS management through the transaction. Terms were not disclosed.
"This transaction represents an outstanding opportunity for all of the company's clients, partners and employees to continue to prosper in the coming years" remarked IPS President and CEO Thomas A. Carter. "Management believes that Mainsail Partners is the perfect investment partner to help us aggressively grow the business while maintaining the quality and service IPS is known for in the marketplace.
"We are excited to partner with such a strong management team," said Gavin Turner, managing partner, Mainsail Partners. "Under their leadership, we expect IPS to continue to develop and provide industry leading services to Fortune 500 companies."
Headquartered in San Mateo, California, IPS delivers management training, consulting, and workshops that enable its clients to execute their strategies more effectively. IPS is also the educational partner in the Stanford Advanced Project Management program with the Stanford Center for Professional Development, part of Stanford University.
IP Solutions and the Stanford Center for Professional Development created the Stanford Advanced Project Management program in 1999. Winner of the 2005 Distinguished Non-Credit Program Award from the Association for Continuing Higher Education, this unique program was specifically developed to meet the needs of executives, senior managers, program managers, and project managers who seek powerful approaches to achieving key business goals and improving bottom-line business results.
"This transaction provides added financial strength to IP Solutions, LLC, as we continue to work together to roll out this award-winning program across the US and globally. We are convinced that Mainsail Partners shares our goals of delivering cutting edge, high quality, career-long learning to practitioners across a spectrum of industries, non-profits and governmental agencies," noted Ray Levitt, Professor of Civil and Environmental Engineering and Academic Director and founder of Stanford Advanced Project Management.
More than 8,500 professionals have participated in program courses, and nearly 2,500 program graduates have earned their Stanford Certified Project Manager credentials. In addition to courses delivered on the Stanford campus and asynchronously online, IP Solutions delivers the Stanford Advanced Project Management curriculum for clients at their locations and via synchronous, Web-enabled platforms.
About IP Solutions, LLC
Since 1988, IPS has worked with Fortune 500 corporations and other organizations in industries including IT, telecom, financial services, health care, pharmaceuticals, transportation, manufacturing, and the public sector. IPS's services help clients to execute their strategies by seeing how to manage complexity in their organizations more clearly and effectively. Most IPS services and solutions draw on the company's work with Stanford University faculty to develop and present the Stanford Advanced Project Management program. Since 1999, IPS has partnered with the Stanford Center for Professional Development on this groundbreaking, world-class curriculum. For more information, visit http://www.ipslearning.com/.
About the Stanford Advanced Project Management Program
The Stanford Advanced Project Management curriculum combines Stanford University's academic and research expertise with the proven project management methodologies of IP Solutions. Participants learn to raise project, program, and portfolio management to new levels-thereby enabling the successful execution of strategic business goals. Completing six program courses earns graduates the recognized credential of Stanford Certified Project Manager. For more information, visit http://apm.stanford.edu/.
About the Stanford Center for Professional Development
The Stanford Center for Professional Development makes it possible for working professionals worldwide to become part of the spirit of innovation and openness at Stanford University by delivering graduate-level education-master of science degrees, graduate and professional certificates and individual courses-online, on campus and at the work site. http://scpd.stanford.edu/.
About Mainsail Partners
Founded by Gavin Turner and Jason Payne in 2003, Mainsail Partners is a private equity firm that invests exclusively in profitable, growing companies in the United States and Canada. With approximately $150 million under management, Mainsail provides both the capital and experience to lead successful management buyouts, recapitalizations and growth equity investments. Mainsail works in partnership with management to help grow their portfolio companies into market leaders. Drawing on their network and expertise in operations, strategy and finance, Mainsail Partners represents a uniquely attractive partner to help shareholders and management teams realize value in their business. For more information, visit http://www.mainsailpartners.com/.
Source: IP Solutions, LLC
CONTACT:
Paul Knapp of IP Solutions, LLC,
+1-703-725-3976,
pknapp@ipsassociates.com;
or
Jamie Whitehurst of Mainsail Partners,
+1-415-391-3150,
jamie@mainsailpartners.com
Web site: http://www.ipslearning.com/
http://www.mainsailpartners.com/
http://apm.stanford.edu/
http://scpd.stanford.edu/
