TriGeo - Testimonial

“The Connect program saved our company anywhere from 25K to 60K by teaming us with one of their industry experts.”
- Michelle Dickman, CEO, TriGeo Network Security

Company Challenge

TriGeo Network Security is emerging as a leader within the Security Event Management industry. Their new flagship product called Contego is pioneering the move towards active response and intrusion prevention required growth capital for expansion.

Since being founded in 2001, the company received numerous angel-type investors compounded by the extensive use of options complicated the capital structure.

Under new management leadership and a subordinate shareholder debt, a new fundraising strategy was required as part of a strategic plan to expand the company.

Solution

Springboard created a free customized program and leveraged its community network to help facilitate meetings with key local service providers such as Joe Herzog, CFO of Northwest Ventures Associates & Scott Gelband, an attorney from Perkins Coie to discuss capitalization issues and various financing scenarios.

Springboard service providers assisted in the revision of the investor PowerPoint and provided a strategic introduction to WIN Partners and Delta Angel Group.

Results

Springboard service providers mentored TriGeo’s CEO, Michelle Dickman giving her ideas on how to improve the company’s capital structure and substantial legal saving in only 2 months.

TriGeo was able to attract a term sheet from local angels to help facilitate its next round of growth by hiring new sales and marketing personnel.