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{{Short description|American venture capital firm}}
{{Orphan|date=August 2017}}

{{Infobox company
| name = TechOperators
| logo =
| type = Early Stage Technology Venture Capital Firm
| genre =
| foundation = 2008
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| location_city = Atlanta
| location_country = US
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| key_people = Dave Gould, Partner Glenn McGonnigle, Partner Said Mohammadioun, Partner Thomas E. Noonan, Partner Tom McNeight, Partner Bill Jones, VP Daniel Ingevaldson, VP Patrick Taylor, VP
| industry =
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| homepage = http://www.techoperators.com
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}}

'''TechOperators''' is an early stage [[venture capital]] firm focused on [[Computer security|cybersecurity]] and B2B software. It is based in [[Atlanta, Georgia]], U.S., and was founded in 2008.

==Company overview==
TechOperators was established in 2008<ref name="atlanta.bizjournals.com">[http://atlanta.bizjournals.com/atlanta/stories/2008/10/13/story1.html?page=1 Blue chip tech fund raising $30M]</ref> to focus on funding "early-stage firms too small and risky to attract traditional VC dollars and too big for angel investors" and is now investing out of its third fund. Led by veteran technology entrepreneurs and executives David Gould, Glenn McGonnigle, Said Mohammadioun, and Tom Noonan, the firm provides early stage capital financing from under $1m to $5 million. TechOperators takes an active role in their investments providing not only investment capital, but also applying their operational knowledge.{{citation needed|date=December 2021}}

==Team==
*Dave Gould — Former chairman and CEO of Atlanta-based software maker Witness Systems Inc., which was acquired by [[Verint Systems]] Inc. in 2007.
*Glenn McGonnigle — Former chairman and CEO of Atlanta-based VistaScape Security Systems Corp., which was acquired by [[Siemens Building Technologies]] Inc. in 2006.
*Said Mohammadioun — Founded Atlanta software firm [[Samna]] Corp., which [[Lotus Development Corp.]] bought in 1990 for $65 million. Former CEO and chairman of Synchrologic Inc., which was sold to [[Intellisync]] Corp. in 2003 for about $85 million. [[Nokia]] Corp. bought Intellisync in 2006.
*Tom Noonan — Co-founded [[Internet Security Systems]] Inc., which [[IBM]] Corp. acquired for $1.5 billion in 2006.<ref name="atlanta.bizjournals.com"/>
*Bill Jones — Former CEO of Orderly and former product management executive at Air2Web and Synchrologic, Inc.
*Daniel Ingevaldson — Co-Founder of [[Endgame, Inc.]], acquired by [[Elastic NV]] in 2019.<ref>{{Cite web|url=https://www.businesswire.com/news/home/20191008005937/en/Elastic-Completes-the-Acquisition-of-Endgame-a-Leader-in-Endpoint-Protection|title=Elastic Completes the Acquisition of Endgame, a Leader in Endpoint Protection | Business Wire}}</ref> Previous CTO of Easy Solutions, Inc., acquired by Cyxtera in 2019.

==Funds and Investments==

TechOperators raised $100m for its third and current fund.<ref>{{Cite news|date=2018-02-20|title=TechOperators Targets $100 Million for Third Fund|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/techoperators-targets-100-million-for-third-fund-1519169183|access-date=2021-05-26|issn=0099-9660}}</ref> Notable investments include Automox, Polarity, Tala Security, Todyl, Scytale (acquired by HPE<ref>{{Cite web|date=2020-02-03|title=HPE acquires identity management startup Scytale|url=https://venturebeat.com/2020/02/03/hpe-acquires-identity-management-startup-scytale/|access-date=2021-05-26|website=VentureBeat|language=en-US}}</ref>) and Kyck Global.

TechOperators Fund II includes investments in Springbot, Phantom Cyber (acquired by Splunk<ref>{{Cite web|date=2018-04-09|title=Splunk Closes Acquisition of Phantom|url=https://www.businesswire.com/news/home/20180409005284/en/Splunk-Closes-Acquisition-of-Phantom|access-date=2021-05-26|website=www.businesswire.com|language=en}}</ref>), Flashpoint and Ionic Security (acquired by Twilio<ref>{{Cite web|title=Twilio Acquires Ionic Security|url=https://www.twilio.com/blog/twilio-acquires-ionic-security|access-date=2021-05-26|website=Twilio Blog|language=en}}</ref>).

TechOperators raised $30 million for its inaugural fund in 2008.<ref name="atlanta.bizjournals.com" /> In their first fund, TechOperators invested in Vocalocity, a [[VoIP]] company providing [[hosted pbx]] for small businesses,<ref>{{Cite web|url=http://www.marketwire.com/press-release/Vocalocity-Inc-942839.html|title=TechOperators Lead Series B Round for SaaS Leader for Small Businesses}}</ref> [[Immunet]] (acquired by Sourcefire<ref>{{Cite web|last=Mills|first=Elinor|title=Sourcefire buys Immunet for $21 million|url=https://www.cnet.com/news/sourcefire-buys-immunet-for-21-million/|access-date=2021-05-26|website=CNET|language=en}}</ref>) and [[JouleX]] (acquired by Cisco).

==References==
{{Reflist}}

==External links==
* [http://www.techoperators.com/ TechOperators]

{{DEFAULTSORT:Techoperators}}
[[Category:Financial services companies established in 2008]]
[[Category:Venture capital firms of the United States]]

TechOperators - Revision history

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