21 Nov Lotus Innovations’ Founder Gets a Second Bite of the gen-E Apple Through Acquisition
Lotus Innovations Fund, an Irvine, California-based private equity investment fund run by gen-E® founder Christian Mack, today announced the re-acquisition of gen-E® which provides professional and managed services to enterprise companies running IBM Cloud & Smarter Infrastructure (formerly known as IBM Tivoli).
IRVINE, CA (PRWEB) October 17, 2014 – For Immediate Release
Lotus Innovations Fund, an Irvine, California-based private equity investment fund, today announced the acquisition of gen-E® which provides professional and managed services to enterprise companies running IBM Cloud & Smarter Infrastructure (formerly known as IBM Tivoli). The acquisition of gen-E adds to Lotus Fund’s existing portfolio of Enterprise IT Professional Services companies. It also represents a return to the company’s roots as Lotus Innovations’ Managing Director, Christian Mack, was the founder of gen-E in 1999, driving increased revenue and EBITDA levels until his exit in 2012 to Solis Capital.
Since 1999, gen-E has become a recognized worldwide leader in IBM Cloud & Smarter Infrastructure professional services over the last 15 years, providing customized implementations and solutions for a wide array of clients. As one of the few IBM Cloud & Smarter Infrastructure certified Resellers and Support Providers, gen-E has attained a pinnacle of partnership with IBM.
“The IBM Cloud & Smarter Infrastructure market is one that I continue to be enthusiastic about,” said Mack. “gen-E has built strong relationships with service providers and global enterprise corporations, optimizing complex network and systems as they evolve. With our long history in this market, our proven management team, and Lotus Innovations’ shared services model, I look forward to growing gen-E to its next level of success.”
Al Zollar, the former General Manager of the IBM Tivoli division and a member of the Lotus Innovations Advisory Board is a proponent of the re-teaming of Mack and gen-E.
“The acquisition of gen-E capitalizes on Lotus Innovations’ focus on Enterprise IT Professional Services companies and leveraging innovation,” said Zollar. “It’s clear that gen-E’s next stage of growth will benefit from Lotus Innovation’s deep experience in this space.”
About The Lotus Innovations Fund
The Lotus Innovations Fund, located in Irvine, California, is a private equity fund focused on transforming Enterprise I.T. Professional 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 innovative approach to investments in early stage Enterprise I.T. Professional Services companies and subsequent transformation into SaaS companies creates a systematic deal flow for other private equity firms and strategic alliance partners as each portfolio company is exited by Lotus Innovations.
gen-E is recognized as a worldwide leader in IBM Cloud & Smarter Infrastructure software professional and Managed Services supporting large technology infrastructure for service providers such as Telecom, Cable Operators and others. As one of the few IBM Cloud & Smarter Infrastructure certified Resellers and Support Providers, Gen-E has attained a pinnacle of partnership with IBM.
About Christian Mack
As the Managing Director of Lotus Innovations, Christian Mack brings over 20 Years of Enterprise Consulting, Operations, Software, Channels and Sales expertise covering North America, Europe and Asia. Mr. Mack is best known for having built several companies from the ground up to become leaders in their spaces. Most recently, Mr. Mack, successfully exited from gen-E to Solis Capital in 2012.