Orange County has created an environment for success with an infrastructure founded on myriad support for driving new jobs into the area.
IRVINE, CA (PRWEB) September 30, 2015
Lotus Innovations, the fast-growing private equity investment firm focused on transforming Enterprise IT Services companies into SaaS-based companies, commented today on recent reports of Los Angeles-Orange County’s continued dominance in technology investments. According to a study recently released by the nonprofit Ewing Marion Kauffman Foundation, the Los Angeles-Orange County area remains the fourth most-active for startup businesses when compared with 40 other major regions across the nation.
“As a leader in enterprise SaaS (software-as-a-service) technology investments in the Orange County region, we believe the area’s continued strength in creating new businesses and new jobs comes directly from a strong correlation between capital infusion and advisory support”, said Christian Mack, Managing Director of Lotus Innovations, LLC.
“Orange County’s top ranking from the Kauffman Foundation research comes as no surprise,” said Mack. “Since Lotus Innovation’s launch in 2013, we’ve witnessed tremendous focus, investment and growth of technology ventures in our region. We based Lotus Innovations here with the intent of leveraging our own entrepreneurial successes by mentoring promising companies with investment and hands-on managerial backing.”
Earlier this year, The Orange County Business Journal (OCBJ) ranked Lotus Innovations as third in their newly published annual list of Orange County’s most active venture capital firms. The fast-growing private equity investment firm’s focus on early-stage or underperforming IT service companies won its first appearance on the prestigious list of companies located in the heart of California’s Tech Coast region, second only to Silicon Valley’s information technology development in the State.
“Orange County has created an environment for success with an infrastructure founded on myriad support for driving new jobs into the area,” added Mack. “In our recent move to The Vine in UCI Research Park, we joined other business leaders like Evo Nexus, and the UC Irvine Innovation Institute to help build a new paradigm of growth for the region. Our specific focus on the fast growing SaaS space has been equally important to our own success.”
Lotus Innovations was founded in 2013 with the goal to build job growth in the United States by transforming entrepreneurial Enterprise IT Professional Services into SaaS-based companies. The company employs proprietary methodology and embedded management to accelerate growth and valuations for portfolio companies. Another key to their success, Lotus Innovations uses a Shared Services model to help the portfolio companies profitable more quickly without having to build out the Finance, HR, IT, & Marketing infrastructures during the early business stages. Along with Mack, four other Managing Directors head the fund: Linda Ritchie, Mark Prynn, Philip Jones and David Roman.
“Our goal is to create jobs and give entrepreneurs and early stage businesses a step up to success, by taking a majority position and providing embedded management from our team of Managing Directors that have all had successful careers and can provide line management guidance,” said Mack.
ABOUT LOTUS INNOVATIONS
Lotus Innovations, located in Irvine, California, is a Private Equity Fund focused on transforming Enterprise IT Services companies into SaaS-based companies. By operationalizing a repeatable process with Lotus Innovations’ proprietary methodology and embedded management, the fund creates a new paradigm that accelerates growth and valuations.
The investment strategy and proven operational platform creates a repeatable methodology for success while significantly improved growth prospects, cash flows, balance sheets, and market valuations.