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NMP invests in high growth companies from early to expansion stages. NMP seeks to invest initially $3 million to $5 million in early stage companies and up to $15 million in growth companies. NMP has the ability to provide follow-on financings up to $20 million in any single transaction. The firm will participate in financings over the life of the company, and the firm has a history of participating in follow-on investments a large percentage of the time. NMP’s reputation, geographic focus and established network historically has resulted in NMP leading over 80% of its investments. NMP also actively seeks co-investors for larger transactions or when other investors can bring unique skills or perspectives to a financing. NMP has an active program of contacting attractive growth companies to determine their likely need for growth capital. The evaluation process begins when the Company provides a business plan that describes its: • Market size and trends NMP realizes that fund raising consumes a significant amount of management's time. To that end, we commit a team to the pre-investment analysis in order to be as efficient as possible in reviewing business plans and indicating the firm’s level of interest. The partnership of NMP has full authority to commit substantial resources without further approval and, therefore, is able to work expeditiously with entrepreneurs and business owners. |
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In November 2007, Firethorn was acquired by Qualcomm (NASDAQ: QCOM) for approximately $210 million in cash. Firethorn is a mobile banking services enabler that links financial institutions and wireless operators through a unified, secure and scalable technology platform that seamlessly extends full-service banking capabilities to consumers from many financial institutions to many wireless devices. Firethorn has strategic relationships with wireless carriers such as AT&T and Verizon, and financial institution partners including Wachovia, SunTrust Bank, Regions Financial, BancorpSouth and Synovus. |
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