Acai Solutions Secures Substantial Institutional Investment From True Ventures to Accelerate Growth Plan

May 16, 2007, 01:00 ET from Acai Solutions, Inc.

    NEW YORK, May 16 /PRNewswire/ -- Acai Solutions
 (www.acaisolutions.com), a fast growing consultancy serving the global
 capital markets industry, has closed an institutional round of funding from
 True Ventures, a venture capital firm specializing in early stage, high
 growth companies. The financing will support the acceleration of Acai
 Solutions' business strategy and growth objectives. Acai Solutions is a
 high-value business and information technology consultancy serving global
 investment banks, asset managers, hedge funds, retail brokers, exchanges
 and alternative trading networks, and software and data content vendors
 within the global capital markets industry.
     Bill Cline, former head of Global Capital Markets at Accenture who left
 to become Managing Partner of Acai Solutions, said, "Our rapid growth and
 aggressive expansion plans called for a financial partner with a clear
 understanding of the financial services industry and a focus on early
 stage, high growth companies. We believe that with the shift in focus at so
 many firms to outsourcing, a real void has been created in the market for
 deep capital markets expertise to help clients plan, manage, and deliver
 solutions to meet the fast changing competitive, regulatory, and operating
 challenges that have always been fundamental to success in capital
 markets."
     "We invested in Acai because in today's market the intellectual capital
 that the company brings to its customers is as valuable as the underlying
 technology capital that is being designed and purchased," said Phil Black,
 co- founder of True Ventures in California. "At True Ventures, we invest in
 people first and foremost, and the founding team at Acai drove our
 investment decision. They are very experienced and are creating a pure-play
 capital markets consulting company that complements and in some ways
 exceeds the services offered by today's multi-disciplined, diversified
 consultancies."
     "Acai's other Managing Partner and founder, Ron Stein (formerly
 Managing Partner of MPI Professionals which was sold to CGI-AMS, Inc. in
 2005), added, "We will maintain a solid delivery focus on high value
 project consulting where we truly partner with our clients and select third
 parties."
     About Acai Solutions, Inc.
     Founded in 2006, Acai Solutions (www.acaisolutions.com) is a high value
 consultancy focused exclusively on serving the needs of the global capital
 markets industry and its leading software and data content vendors. Acai
 Solutions provides experienced Business and IT consultants with deep
 expertise in planning, managing, and delivering major strategic programs
 that drive innovation and competitive differentiation in the capital
 markets industry. For more information, contact Acai headquarters at
 212-554-4460.
     About True Ventures
     True Ventures is an institutionally-backed venture capital firm with
 offices in Palo Alto, San Francisco, and Northern Virginia designed by
 entrepreneurs, for entrepreneurs. True Ventures partners with promising
 entrepreneurs at early stages of the highest growth segments of the
 technology and financial services markets. True Ventures' investment
 philosophy matches capital investment with the actual business needs of the
 company inclusive of hands-on management assistance to help guide companies
 through the early stages of their growth. The firm clearly understands both
 opportunities and challenges in the earliest stage of development and
 provides young companies with a powerful, seasoned partner. The firm has
 over 40 years of venture capital experience to put to work for their
 entrepreneurs and has started over 10 companies as founders.
 
 

SOURCE Acai Solutions, Inc.
    NEW YORK, May 16 /PRNewswire/ -- Acai Solutions
 (www.acaisolutions.com), a fast growing consultancy serving the global
 capital markets industry, has closed an institutional round of funding from
 True Ventures, a venture capital firm specializing in early stage, high
 growth companies. The financing will support the acceleration of Acai
 Solutions' business strategy and growth objectives. Acai Solutions is a
 high-value business and information technology consultancy serving global
 investment banks, asset managers, hedge funds, retail brokers, exchanges
 and alternative trading networks, and software and data content vendors
 within the global capital markets industry.
     Bill Cline, former head of Global Capital Markets at Accenture who left
 to become Managing Partner of Acai Solutions, said, "Our rapid growth and
 aggressive expansion plans called for a financial partner with a clear
 understanding of the financial services industry and a focus on early
 stage, high growth companies. We believe that with the shift in focus at so
 many firms to outsourcing, a real void has been created in the market for
 deep capital markets expertise to help clients plan, manage, and deliver
 solutions to meet the fast changing competitive, regulatory, and operating
 challenges that have always been fundamental to success in capital
 markets."
     "We invested in Acai because in today's market the intellectual capital
 that the company brings to its customers is as valuable as the underlying
 technology capital that is being designed and purchased," said Phil Black,
 co- founder of True Ventures in California. "At True Ventures, we invest in
 people first and foremost, and the founding team at Acai drove our
 investment decision. They are very experienced and are creating a pure-play
 capital markets consulting company that complements and in some ways
 exceeds the services offered by today's multi-disciplined, diversified
 consultancies."
     "Acai's other Managing Partner and founder, Ron Stein (formerly
 Managing Partner of MPI Professionals which was sold to CGI-AMS, Inc. in
 2005), added, "We will maintain a solid delivery focus on high value
 project consulting where we truly partner with our clients and select third
 parties."
     About Acai Solutions, Inc.
     Founded in 2006, Acai Solutions (www.acaisolutions.com) is a high value
 consultancy focused exclusively on serving the needs of the global capital
 markets industry and its leading software and data content vendors. Acai
 Solutions provides experienced Business and IT consultants with deep
 expertise in planning, managing, and delivering major strategic programs
 that drive innovation and competitive differentiation in the capital
 markets industry. For more information, contact Acai headquarters at
 212-554-4460.
     About True Ventures
     True Ventures is an institutionally-backed venture capital firm with
 offices in Palo Alto, San Francisco, and Northern Virginia designed by
 entrepreneurs, for entrepreneurs. True Ventures partners with promising
 entrepreneurs at early stages of the highest growth segments of the
 technology and financial services markets. True Ventures' investment
 philosophy matches capital investment with the actual business needs of the
 company inclusive of hands-on management assistance to help guide companies
 through the early stages of their growth. The firm clearly understands both
 opportunities and challenges in the earliest stage of development and
 provides young companies with a powerful, seasoned partner. The firm has
 over 40 years of venture capital experience to put to work for their
 entrepreneurs and has started over 10 companies as founders.
 
 SOURCE Acai Solutions, Inc.